LONDON (dpa-AFX) - Ashmore Group plc (ASHM.L), in its third-quarter interim management statement, said it witnessed a 9.1% rise in its assets under management or AuM for the quarter to $65.9 billion, driven by net inflows of $1.2 billion and positive investment performance of $4.3 billion.
The company said there were net inflows within the overlay, external debt, local currency, corporate debt and multi-strategy themes, while modest net outflows occurred in the equities and blended debt themes. The Group also noted that it continues to perform in line with management's view.
Consistent with Ashmore's long standing investment approach of adding risk during periods of market volatility such as that experienced in our first half, all investment themes have subsequently delivered positive investment performance in what has been a strong third quarter, with equities, external debt and local currency contributing most to the increase in AuM.
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