|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||0.00 - 0.00|
|PE ratio (TTM)||15.03|
|Forward Dividend & Yield||0.31 (6.29%)|
|1y target est||N/A|
Emerging markets-focused fund manager Ashmore Group (Frankfurt: A1B.F - news) saw quarterly net inflows for the first time in nearly three years in the three months to the end of March, helping to drive a 7 percent rise in its total assets. Out of favour for years amid concerns over growth, emerging markets are starting to lure in investors again, given cheap valuations when compared with developed markets and a more positive economic outlook. Ashmore said on Tuesday total assets at the end of the period - its fiscal third quarter - were $55.9 billion, up 7 percent on the prior quarter, after a $2.3 billion uplift from positive market movements and after clients added a net $1.4 billion in new capital to its funds.
UK-based fund manager Ashmore Group posted an above-forecast 32 percent rise in first-half core profits on Thursday, following strong investment returns in emerging markets and sending its shares to the top of the FTSE mid-cap index. The firm, which specialises in emerging markets, has suffered outflows in recent years due to volatility in the asset class, but the trend has been changing in the past 18 months. Assets under management fell slightly in the six months to the end of December, to $52.2 billion from $52.6 billion, affected by uncertainty over emerging markets following the U.S. election.
Fund manager Henderson Group (Frankfurt: HDJ.F - news) 's total assets rose 10 percent to 101 billion pounds ($126 billion) in 2016 after market gains more than offset the impact of retail customers withdrawing money. Henderson said the weakening demand was the result of a broad pullback from European assets, and was exacerbated by a weak performance in some of its equity funds, although it did see improved demand from institutional investors. "Market conditions proved challenging for our investment management teams," Chief Executive Andrew Formica said in a statement on Thursday, with just half of the group's assets outperforming over one year and amid a particularly weak performance from its European and Global equities strategies.
** Ashmore Group -7.6% and Aberdeen Asset Management -c.6% as US bond yields rise on views Trump's spending plans will push up inflation, possibly triggering more aggressive rate hikes by the Federal Reserve ...