logo-loader
viewAshmore Group

Ashmore Group reports strong rise in assets under management

financial_building_350_4c3d66a572c2d.jpg

Emerging markets asset manager Ashmore Group PLC (LON:ASHM) said the final quarter of the financial year ended 30 June 2010 saw assets under management increase by US$2.3 billion to US$35.3 billion.

The drivers of this were net inflows of US$2.9 billion into the external debt, local currency and special situations themes, and adverse investment performance of US$0.6 billion primarily in May, the group said in a trading statement.

Performance fees for the year overall are estimated to be £82.9 million , up from £52.5 million a year earlier, arising principally from strong investment performance for funds with December and April year-ends.

Quick facts: Ashmore Group

Price: 447.4 GBX

LSE:ASHM
Market: LSE
Market Cap: £3.19 billion
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Arizona Silver Exploration will be going back to Philadelphia after drilling...

Arizona Silver Exploration (TSXV: AZS) (OTCQB: AZASF) VP of Exploration Greg Hahn joined Steve Darling from Proactive with some results from the company’s drill program at their Philadelphia project. Hahn discusses the next step the company is planning. Hahn also told Proactive they are...

9 hours, 22 minutes ago

2 min read