LONDON (dpa-AFX) - Ashmore Group Plc (ASHM.L) provided update to its assets under management, or AuM, in respect of the quarter ended December 31, 2011.
The company noted that the quarter saw AuM increase 2.5% to $60.4 billion, driven by net inflows of $0.5 billion and positive investment performance of $1 billion.
According to Ashmore, positive performance was greatest in external debt with blended debt, multi-strategy, local currency and equities also experiencing favorable performance. Some adverse performance was experienced in overlay/liquidity, corporate debt and alternatives, the company noted.
The company stated that for funds having a performance year ending December 2011, performance fees were, as expected, minimal, which together with the fees formerly announced for the August 2011 year end funds and other crystalised performance fees recognised in the period give overall first-half performance fees of around 23 million pounds.
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© 2012 AFX News
