By Ashmore Group, a leading emerging-markets assets manager, announced a decrease in its assets under management during the fourth quarter. The total amount fell from $57.7 billion in the previous quarter to $55.9 billion. This decline can be attributed to ongoing global macro uncertainty, which has driven some investors to reduce their risk exposure.
Within the three-month period that ended on June 30, Ashmore Group saw positive investment performance of $1.1 billion but experienced net outflows of $2.9 billion. The majority of these outflows were the result of asset-allocation decisions made by institutional clients. Net outflows in the corporate debt sector were slight, while the equities and alternatives themes saw relatively flat net outflows.
Despite these challenges, emerging markets have continued to display resilience and strong performance. Factors such as accelerating GDP growth, decreasing inflation, potential rate cuts, and the weakening of the U.S. dollar have contributed to their success.
In conclusion, Ashmore Group remains steadfast in navigating this volatile market environment and is well-positioned to capitalize on the opportunities that emerging markets present.
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