Ashmore Group PLC (GB:ASHM) has released an update.
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Ashmore Group PLC, a specialist in Emerging Markets asset management, reported a $2.4 billion decrease in assets under management (AuM) for the quarter ending June 30, 2024, due to subdued investor risk appetite leading to net outflows, despite the firm’s strong performance in various strategies. The group’s total AuM now stands at $49.5 billion, with market conditions and investor sentiment in emerging markets expected to improve over the medium term, according to CEO Mark Coombs.
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