â– Assets under management up 6.8 per cent at $68bn
â– Outflows offset by stronger investment performance
â– Margins still under pressure
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at
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Assets under management (AUM) at emerging markets asset manager Ashmore (ASHM) grew by 6.8 per cent to $68bn (£42.4bn) in the three months to the end of September, in marked contrast to the 3 per cent fall in AUM in the financial year to end-June. Moreover, last year's $3.4bn negative investment return was turned into a $3.7bn gain, while net inflows of $600m in the latest three-month period compared favourably with inflows of $1.3bn for the whole of the previous year.