- Net outflows narrow in second half of 2020
- Developing markets remain attractively priced
Two stories are contained with half-year figures for emerging markets specialist Ashmore (ASHM). The first is positive: reported pre-tax profits rose by double digits, assets under management (AuM) climbed from $83.6bn (£60.6bn) to $93bn in a year, and 97 per cent of client funds outperformed their benchmarks in the six months to December.