Ashmore assets grow as funds flow in

13th Jan 2011 11:12

Emerging markets asset manager Ashmore saw strong inflows in the three months to December 31, helping to make up for a weak investment market.Assets under management rose to $46.7bn (£29.8m) from $46.1bn during the quarter as inflows of $5.2bn dwarfed a $0.1bn drop caused by an adverse investment performance."Inflows were highest in the multi-strategy theme, with a final quarter of inflows for the Asia retail focused product, and also in the "Other" theme in the currency hedging/overlay strategy," the company said.It continued: "Trading conditions are in line with management expectations and the Group remains confident of its prospects for the current year."