January 15, 2020 / 7:10 AM / 9 days ago

Ashmore Q2 assets up 7.1% on net inflows, market gains

LONDON, Jan 15 (Reuters) - Emerging markets-focused money manager Ashmore on Wednesday said second-quarter assets under management rose 7.1%, boosted by net inflows of client cash and market gains.

Ashmore said total assets hit $98.4 billion, driven by net inflows of $3.3 billion and investment performance of $3.2 billion, with equities and local currency debt among those strategies seeing the strongest demand. (Reporting by Simon Jessop; editing by Lawrence White)

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