LONDON, April 18 Emerging markets-focused asset
manager Ashmore Group said on Tuesday that assets under
management rose 7 percent in its third quarter to the end of
March, boosted by market gains and net inflows.
The firm said total assets at the end of the period were
$55.9 billion, up 7 percent on the prior quarter, after a $2.3
billion uplift from positive market movements and after clients
added a net $1.4 billion in new capital to its funds.
The group said clients had added more money to its
overlay/liquidity, local currency, external debt and corporate
debt strategies, while flows into equities and alternatives were
(Reporting by Simon Jessop, editing by Maiya Keidan)