Ashmore: Mixed results as emerging market withdrawals remain sky-high Investing 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 more pulled from asset manager as emerging markets’ demand sags Asset management Emerging markets asset manager Ashmore Group reported that customers pulled billions more from their funds at the start of 2024.