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Emerging markets asset manager Ashmore (ASHT) delivered a more polished first-half performance, reporting an 11 per cent rise in assets under management (AUM) to $71bn (£46.4bn), driven by net inflows of $1.6bn and a $5.7bn positive investment performance. However, headline profits were lower as performance fees fell from £23m to £15.3m, while management fees were trimmed back from £151m to £148m.