Page 4 - Mark Coombs News Today

LONDON (Reuters) -Investment group Ashmores assets under management dropped by $1.8 billion in the three months to June 30, down 3% from the previous quarter, as investors retreated from emerging markets owing to global macroeconomic uncertainties.

Ashmore Group saw more than $2.6bn withdrawn from its funds in the three months to the end of June, as macro uncertainty drove investors to

Ashmore Group PLC (LSE:ASHM) shares fell 7% as net outflows increased over the past quarter despite a positive investment performance for its emerging...

Emerging market stocks marched northward on Friday and were on track for their biggest weekly percentage gain in eight months, fuelled by continued optimism that a wind-up of the U.S. rate-hiking...

Ashmore, which focuses on emerging markets, said its assets under management suffered outflows of almost $3billion (£2.2billion).

Ashmore Group assets under management decreased by US$1.8 billion

Ashmore Group reported a $1.8bn decrease in assets under management in the June quarter on Friday, on the back of positive investment performance of $1.1bn, but net outflows of $2.9bn.

Shares in FTSE-250 listed money managers Liontrust and Ashmore slumped on Friday morning after both reported fund outflows over the past three months.

Stock prices in London closed mostly lower on Friday, with the FTSE 100 running out of steam at the end of a bullish week, where equities were supported by cooling US inflation. Focus was also on...

LionTrust shares fell 9.7 per cent after their trading update reported a 6 per cent fall in assets under management. Ashmore plunged by 8.3 per cent.