Ashmore sees AuM decline as money leaves emerging markets

Graph downDeclining investment levels in emerging markets last year are reflected in the assets under management of Ashmore Group, an emerging markets specialist fund manager listed on the London Stock Exchange. The firm saw net outflows in its assets under management (AuM) of US$3.5 billion (€2.6 billion) in the last part of 2014, resulting mainly from a “small number of redemptions from segregated mandates in the blended debt and overlay/liquidity themes”. Ashmore’s external debt, equities and multi-strategy themes also experienced net outflows, though corporate debt saw inflows. Alternative funds returned capital to investors, as expected. AuM fell to $75.3 billion at December 31, 2014, from $78.5 billion at September 30. The firm had a positive investment return of $300 million. The fall in emerging market investment last year was reflected in BlackRock data for exchange-traded products this week, which showed a $10 billion outflow globally. ©2014 funds europe

Executive Interviews

CEO INTERVIEW: Munro gains three-year track record

Mar 16, 2017

Aviva Investors’ annual results this month were the third set since Euan Munro took over as CEO. Nick Fitzpatrick speaks to him about the ‘Aims’ fund at the heart of the firm’s outcome strategy.

DISTRIBUTION INTERVIEW: Tales of the unexpected

Mar 16, 2017

Laurence Terryn, a fund selector at Candriam, tells David Stevenson how the twists and turns of the past year’s macro environment flavoured her approach to fund selection.

Roundtables

ASSET SERVICING ROUNDTABLE: Under pressure

Mar 07, 2017

Funds Europe speaks to leading Luxembourg industry figures about the growing regulatory demands on asset servicers and how to remain profitable in spite of major investments in technology.

SEC LENDING ROUNDTABLE: Both a borrower and a lender be

Jan 11, 2017

Industry heavyweights, including agent lenders, discuss issues affecting the securities lending sector such as regulation and the types of collateral being used.