Ashmore Q1 Inflows Beat Expectations
Asset manager Ashmore posted first-quarter net inflows of $1.1 billion, beating consensus estimates. Assets under management rose to $54.5 billion as emerging market resilience supported client demand.
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Ashmore Group plc posted first-quarter net inflows of $1.1 billion on Wednesday, exceeding consensus estimates of $900 million. The United Kingdom asset manager benefited from resilient demand for emerging market assets during a global bond selloff. The results highlight robust investor appetite despite rising developed-market bond yields late in the period.
