Ashmore Group PLC (GB:ASHM) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
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.
For further insights into GB:ASHM stock, check out TipRanks’ Stock Analysis page.