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BUZZ-Ashmore Group: surges on strong Q3 trading update

Reuters - UK Focus

(Refiles to correct spelling of eschewing)

** Emerging markets asset manager Ashmore Group (Frankfurt: A1B.F - news) shares up 6.9 pct after Q3 trading update

** Says assets under management increased by $7.0 bln during quarter ended March 31, with net inflows of $6.4 bln and positive investment performance of $0.6 bln

** Demand for strategies remained strong despite a pick-up in volatility in many global markets during Q3, with investors increasingly adding to their emerging market bets after years of eschewing riskier regions of the world

** Says strongest quarter for gross and net flows since June 2013

** Shares (Berlin: DI6.BE - news) register biggest intra day percentage gain in about five years; top of FTSE Mid Cap Index