EM Specialist Ashmore Sees Assets Slide $6.2B In Q1

Apr 11 2014 | 9:01am ET

Emerging markets-focused fund manager Ashmore Group said investors pulled $6.2 billion from its funds in Q1.

A full $4 billion of the outflow was from funds providing currency hedging for investment portfolio, while funds focused on local currency, blended debt and multi-strategy funds saw smaller outflows.

It wasn't all bad news for Ashmore in the first quarter: it recorded a positive investment performance of $1 billion in the quarter.

Ashmore head Mark Coombs told Reuters he was "comparatively more positive about outlook for investment returns than at this time last year.”

Ashmore had assets under management of $70.1 billion as of end-March.


In Depth

MiFID2 For U.S. Firms: Key Questions Answered

Feb 27 2017 | 4:54pm ET

The January 2018 deadline for implementation of the EU’s mammoth MiFID2 regulations...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of