Finance
Ashmore Assets Decline as Investors Continue to Pull Billions
- Emerging-markets specialist saw $2 billion in net outflows
- Money manager’s high-conviction bets have fallen out of favor
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Ashmore Group Plc reported another quarter of outflows as clients continued to pull billions of dollars from its funds.
Investors yanked $2 billion in the three months through June, with assets under management dipping 5% to $49.5 billion from the previous quarter, according to a statement on Friday. Negative investment performance shaved off $400 million, it added.