Ashmore Group assets under management decreased by US$1.8 billion
Ashmore Group assets under management decreased by US$1.8 billion
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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.