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EM outperformance adds $2.5bn to Ashmore Group AUM as outflows slow
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In a trading update published today (14 October), the firm reported a 5% uptick in AUM to $51.8bn as at 30 September, up from $49.4bn in the previous quarter. Positive investment performance of $3.2bn offset net outflows of $700m, which had slowed from $2bn in the preceding three months. Ashmore Group suffers $2bn outflows as institutions slash EM exposure The London-based asset manager said the flows improvement was driven by an increase in gross subscriptions from institutional investors across a range of investment themes, as well as reduced redemptions. An increase in inv...
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