LONDON Oct 14 Emerging markets-focused fund
manager Ashmore halted outflows and posted a 4 percent
rise in assets under management in the September quarter due to
Assets under management rose to $54.6 billion from $52.6
billion during the first quarter of the firm's financial year,
Ashmore said in a statement on Friday.
The firm saw positive investment performance in debt,
equities and multi-asset classes, with neutral performance in
alternatives and overlay strategy.
The flat flows position was an improvement on previous
quarters, which have seen outflows.
"The ongoing recovery in emerging markets asset prices
through 2016 and the attractive returns on offer across a
diverse range of investment themes are causing investors to
reconsider their underweight positions," chief executive Mark
Coombs said in the statement.
Emerging market stocks have risen 12 percent this
(Reporting by Carolyn Cohn, Editing by Sinead Cruise)