Ashmore assets under management tumble by $9bn over quarter

Negative investment performance and net outflows accounted for respective falls of $5bn and $3.7bn. In terms of sector, capital in corporate debt vehicles shrunk by 15.8%, blended debt funds lost 14.9% of assets, and both external debt and fixed income portfolios each fell in AUM by 11.1%. Investor capital in local currency and equity funds reduced by a respective 6.6% and 7.5%, although the firm's reduction in ownership of Taiping Fund Management Company - from 8.5% to 5.2% - also contributed to $0.3bn fewer assets within local currencies. Should investors consider disaggregating the...