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Ashmore Group bleeds $2bn in outflows as investor demand for EM sinks
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According to a trading statement published today (15 April), the firm saw net outflows of $2bn over the period, alongside negative investment performance of $100m. The London-listed asset manager said net outflows were predominantly driven by institutional clients «continuing to reduce risk», against a backdrop of more «subdued» markets following a rally in the final months of 2023. Jefferies upgrades Ashmore Group to 'Buy' on returning EM investor appetite By «investment theme», outflows concentrated on local currency, blended debt and corporate debt strategies, with equities be...
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