Ashmore sees assets jump to £26bn

Emerging markets fund manager Ashmore saw assets jump 18 per cent in the first quarter to an estimated £26.2bn – fuelled by Asian retail investors.

Assets under management had been forecast to rise up to 10 per cent to £24.6bn at the end of September.

the company said that it had net inflows of £2.1bn, and positive investment performance of £1.8bn.

The firm had a 145 per cent increase in assets under management on a multi-strategy theme and also saw strong inflows into its currency hedging and overlay strategy, with assets up 71 epr cent compared with the fourth quarter.