Assets under management (AuM) for specialist emerging markets asset manager Ashmore Group climbed 18% in 2017, reflecting a favourable environment for emerging markets.
Ashmore Group’s AuM increased to $69.5 billion (€56.3 billion), its six month results to December showed.
The results also showed net inflows of $7.9 billion and positive market performance of $3.2 billion, with broad client demand across the range of fixed income, equity and overlay products.
Mark Coombs, chief executive officer, Ashmore Group, said: “The favourable environment for emerging markets is reflected in Ashmore’s solid operating performance during the period, with 18% growth in assets under management, strong investment performance for clients, and increased profitability.”
He added that another good year of performance across the range of emerging market classes was expected in 2018, as economic conditions continued to be supportive, valuations remained attractive, and therefore investors continued to increase allocations.
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