logo
Plus   Neg
Share
Email

Ashmore Group Q2 AUM Sequentially Increases

Ashmore Group plc (ASHM.L), a specialist Emerging Markets asset manager, reported that Assets under management or AuM for the second-quarter increased by $6.5 billion to $98.4 billion from the prior quarter, reflecting net inflows of $3.3 billion and investment performance of $3.2 billion.

The company noted that the outlook for capital flows to Emerging Markets in 2020 remains positive. It remains well-positioned to capture its share of higher allocations to Emerging Markets.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Arts and crafts chain Hobby Lobby has been ordered to shut its stores after the retailer reopened them by defying stay-at-home orders in various states amid the coronavirus pandemic. Ohio Attorney General Dave Yost said on Twitter that he sent a cease-and-desist letter following which the retailer agreed to close its stores on Wednesday night. Boston Scientific Corp. said Thursday that to lessen the impact of the coronavirus pandemic on its business, it will significantly reduce the salaries of its chief executive officer, directors and executive committee members. The company also intends to temporarily reduce work week schedules for employees, where appropriate. The medical device maker said these measures are to reduce costs. Marriott International announced a security data breach at its property system that hit up to approximately 5.2 million guests. The breached information is believed to exclude Marriott Bonvoy account passwords or PINs, payment card information, passport information, national IDs, or driver's license numbers. The latest incident, however, is less severe compared to the hotel chain's 2018 data breac
RELATED NEWS
Follow RTT
>