Ashmore assets rise $1.5bn

Tuesday 16 October 2007 at 15:37

Assets under management at emerging market fund manager Ashmore Group grew 4.5% to $33.1bn (€23.4bn) in the three months to September, as its performance in debt strategies more than offset losses in equities.

The firm saw net inflows of $100m in its fiscal first quarter, even as investors fled the equity markets over the summer.