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Ashmore assets up 11.2 percent at end-March on inflows, market gains

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By Reuters

LONDON (Reuters) – Emerging market-focused asset manager Ashmore on Tuesday posted an 11.2 percent increase in assets under management, boosted by new client money and market gains.

Ashmore said total assets at the end of March rose to $85.3 billion from the prior quarter’s $76.7 billion after net inflows of $5 billion and positive investment performance of $3.6 billion.

(Reporting by Simon Jessop; Editing by Kirsten Donovan)