Ashmore Group suffers $2.6bn Q4 outflows as AUM dips 3%

The specialist emerging markets asset manager's assets under management dipped 3% in the fourth quarter to $55.9bn, as net outflows offset positive investment performance of $1.1bn.  In its quarterly update for the three months to the end of June, the firm said net outflows were primarily the result of top-down asset allocation decisions by institutional clients in the external debt theme, which suffered $1.6bn in outflows - a decline of 13% over the period. The blended debt, corporate debt and local currency themes also experienced outflows of $400m, $100m and $100m, respectively.  ...