Investing.com -- Ashmore Group said its assets under management rose by $0.5 billion, or 1%, to an estimated $54.5 billion in the quarter ended Sept. 30, as the emerging-markets asset manager attracted $1.1 billion of net inflows despite a late-quarter selloff in global bond markets. Negative investment performance of $0.6 billion partly offset the inflows.
Client activity stayed healthy even though summer is typically a quieter period, the company said. Net inflows were split equally between fixed income and equities, and every investment theme took in money except corporate debt, which was flat. Gross subscriptions kept their momentum, while gross redemptions fell to their lowest quarterly level in more than 15 years.
Fixed-income assets slipped to $41.7 billion from $42.0 billion at the end of June, while equities rose to $10.7 billion from $10 billion and alternatives edged up to $2.1 billion from $2.0 billion. Local-currency assets rose to $17.6 billion, and external debt, corporate debt and blended debt each declined slightly.
Not finding the right stocks? Our AI's list of investor-grade stock picks for October just dropped »
Emerging-market fixed-income indices fell 1% to 4% in the quarter, though they outperformed developed markets, and emerging-market equities were down 0.4%.
Ashmore blamed a sharp rise in U.S. and other developed-market government bond yields late in September, driven by renewed inflation concerns tied to oil prices, central bank rate increases in the U.S. and Europe, and worries about developed-market debt levels and the financing demands of AI investment. The share of assets outperforming benchmarks was unchanged from the end of June.
Chief Executive Mark Coombs said the developed-market-centric nature of those pressures, along with the relative strength of emerging markets in policy credibility and structural tailwinds, meant client and market reactions were "relatively subdued."
He said emerging-market fixed income offers higher real yields than developed markets, while emerging-market equities trade at a significant discount with stronger earnings growth. He added that the dollar's recent strength is likely to be transitory and that further Middle East disruption underscores the need for active management.
Original Article
Ashmore posts $1.1 billion net inflows as redemptions hit 15-year low
PNE plunges after lowering 2026 earnings outlook on project postponements
Softcat full-year gross profit up nearly 25%, sees FY27 profit growth slowing
