Emerging markets investor Ashmore posts $14.3 billion quarterly AUM slide

2022.07.14 09:28

LONDON (Reuters) – Emerging markets investment firm Ashmore Group said assets under management tumbled by $14.3 billion during the quarter to June 30, as key global markets buckled under rising geopolitical tensions and inflation spooked investors.

Ashmore said the fall comprised net outflows of $6.6 billion and negative investment performance of $7.7 billion.

“The decline in Ashmore’s AuM over the quarter reflects this challenging market backdrop as asset values fell and investors de-risked portfolios,” Chief Executive Mark Coombs said.

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