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Ashmore Group suffers $2bn outflows as institutions slash EM exposure
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In a trading update published today (12 July), the asset manager reported a 5% drop in assets under management to $51.9bn, driven by net outflows of $2bn and negative investment performance of $400m. The firm attributed investor redemptions, which matched the previous quarter's outflows, to subdued risk appetite among investors and institutional decisions to trim exposure to emerging markets. Ashmore Group bleeds $2bn in outflows as investor demand for EM sinks Ashmore's blended debt strategies suffered significant outflows, with investors withdrawing over $2.5bn. Coupled with net...
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