Ashmore share price plummets after Iran War leaves investors sitting on their hands Markets Emerging market specialist Ashmore Group suffered a sharp drop in its share price during early morning trading, after the Middle East conflict brought earlier growth to a grounding halt and caused investors to “sit on their hands”. Shares tumbled 5.6 per cent in early trading to 209.4p, after the group reported a three per cent [...]
FTSE 100 Live: Entain leads modest stock jump; Surprise growth ‘pushed to rear view’ Markets Good morning and welcome back to the City AM liveblog. Markets are betting the latest round of peace talks will bring some resolution to the conflict in the Middle East. US markets managed to clinch a record high close on the latest news of peace talks but in London the FTSE 100 splintered and finished [...]
Ashmore: Emerging markets giant stock jumps after beating expectations Investing Emerging markets specialist Ashmore has once again beaten expectations despite recording yet more outflows, leading its stock price to rise 1.6 per cent. The FTSE 250 money manager’s half-year results revealed adjusted operating profit totalled £33.7m over the last six months of 2024, compared to the £31m forecast by analysts. Assets under management stood at $48.8bn (£39.2bn) [...]
Ashmore: Asset manager’s stock surges as investor withdrawals subside January 15, 2025 Ashmore stock surged five per cent in early trading this morning after the asset manager reported a sharp reduction in outflows. Investors pulled $400m (£327m) from the emerging markets specialist over the last quarter, down from $700m (£572m) in the three months before and below the $1.1bn (£900m) expected by analysts. When excluding a liquidity [...]
Ashmore rebounds thanks to emerging market surge October 14, 2024 Emerging markets-focused investment manager Ashmore saw assets surge over the last three months, turning around a years-long trend of poor performance for the asset manager. Assets under management at the fund house increased by $2.5bn (£1.9bn) over the quarter to 30 September thanks to $3.2bn (£2.4bn) of positive investment performance, with investors only withdrawing $700m [...]
Ashmore: Mixed results as emerging market withdrawals remain sky-high September 5, 2024 Emerging markets investment manager Ashmore reported a 12 per cent drop in adjusted profit before tax for the year to 30 June 2024. The group reported an adjusted profit before tax of £105.4m, below expectations of £113m and 2023’s figure of £119.4m. Ashmore has experienced years of withdrawals from investors, and the trend has shown [...]
Ashmore: Billions pulled from fund manager as risk appetite remains ‘subdued’ July 12, 2024 "Investor risk appetite remains subdued and institutional decisions to reduce Emerging Markets exposure continue to drive net outflows," Ashmore said in a trading update.
Ashmore: Billions more pulled from asset manager as emerging markets’ demand sags April 15, 2024 Emerging markets asset manager Ashmore Group reported that customers pulled billions more from their funds at the start of 2024.
Ashmore suffers further outflows as emerging markets improve February 7, 2024 Ashmore, the emerging markets manager, has suffered further outflows despite stronger performance over the last six months.
Ashmore: Emerging markets set for resurgence as interest rate cuts loom January 15, 2024 London-listed asset manager Ashmore said emerging markets could be set for a rebound this year after the prospect of interest rate cuts helped boost its investment performance in the final three months of last year.