Ashmore Group AUM jumps 13% amid $1.2bn inflows

Net inflows made up $1.2bn of the increase, with investment performance making up the remaining $9.6bn to reach total AUM of $94.4bn.

Corporate debt and equities saw their portion of the firms overall AUM up 2% each in the 12 months to 19% and 8% respectively.

Ashmore said continued growth in equity AUM is a “strategic priority” adding “there is significant growth opportunity in this business and over the medium term it should represent two to three times the current proportion of AUM”.

However, the company reported that flows from these clients reduced AuM by $2.9bn in the year.

“Over the past year, it is notable that Ashmore’s intermediary retail clients have been relatively slow to return to emerging markets,” the company said in its annual report.

“As vaccination rates increase across the world and governments ease social restrictions, economic activity is picking up and reinforcing the emerging markets growth premium, and hawkish central banks in many emerging countries are acting to contain inflation,” he said.

“This environment provides attractive opportunities for investors to increase allocations with heavily discounted equity valuations in emerging markets and high real yields compared with the negative rates in Developed Markets.”

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