Ashmore sees inflows despite negative performance

Despite negative investment performance, resulting in a $4.8 billion (€3.7 billion) loss, emerging market specialist Ashmore says its assets under management remain substantially unchanged during the last quarter because of $4.5 billion net inflows.

Its estimated assets under management stood at $77.4 billion at the end of June.

Assets in Ashmore’s multi-strategy fell by 32% quarter-on-quarter, while assets in corporate debt strategies rose by 29.8% and alternatives 17.4%.

The equities and overlay/liquidity themes experienced modest net outflows.

According to the fourth quarter assets under management statement, investment performance was negative in all themes except alternatives, and particularly in local currency, blended debt and external debt.

Mark Coombs, chief executive officer, Ashmore Group, says market conditions were “clearly more challenging towards the end of the quarter” but insists the fundamentals remain attractive.

©2013 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

The tension between urgency and inaction will continue to influence sustainability discussions in 2024, as reflected in the trends report from S&P Global.
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

CLOUD DATA PLATFORMS

Luxembourg is one of the world’s premiere centres for cross-border distribution of investment funds. Read our special regional coverage, coinciding with the annual ALFI European Asset Management Conference.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST