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Ashmore Assets Cross $50B In Q3

Ashmore Group’s assets under management increased 8% to $50.3 billion in its third-quarter.

Ashmore Group’s assets under management increased 8% to $50.3 billion in its third-quarter, Reuters reports. The rise was driven by $2.3 billion of new client money in the quarter to March-end.

The London-based fund manager also witnessed $1.3 billion of positive investment performance during the period. Ashmore is expecting to complete its purchase of Emerging Markets Management, first announced in February, at the end of May.

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Click here for additional coverage from Bloomberg.


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