By Christian Moess Laursen Ashmore Group said its assets under management fell in the first quarter of fiscal 2024, reflecting continuing institutional risk.
Emerging markets asset manager Ashmore Group saw an 8% drop in assets under management (AuM) in its fiscal first quarter on the back of ongoing market volatility and risk aversion.
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Ashmore Group PLC on Friday reported a 7.5% drop in total assets under management in the first quarter of its financial year, as a result of continuing institutional risk aversion.
The emerging.
Stocks in London are expected to open lower on Friday, as stubborn US inflation data tests the recent optimism about the path of interest rates.
The US yearly inflation rate was unmoved at 3.7% in.