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.

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