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Ashmore posts net inflows of $500 million in quarter to December 31

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LONDON (Reuters) – British emerging markets-focused asset manager Ashmore <ASHM.L> on Tuesday said net inflows of new client money more than offset weaker markets in the three months to end-December, taking total assets to $76.7 billion(59.49 billion pounds).

Ashmore took in net $300 million in new money in its second quarter, after net inflows of $500 million – primarily into equities and corporate debt products – outweighed a weaker investment performance of $200 million, it said in a statement.

(Reporting by Simon Jessop, editing by Sinead Cruise)

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