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Top related persons:
Toby Melville - 1 Barratt - 1 Ashmore's - 1 WH Smith - 1 Siddarth - 1 Sohini Goswami - 1 Jeffries - 1 Ashmore - 1
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Canary Wharf London Britain China Europe Bengaluru
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Thomson - 2 London Stock Exchange - 1 REUTERS - 1 Barratt - 1 Global - 1

Search resuls for: "Ashmore's"


2 mentions found


☆ FTSE 100 dragged down by global gloom, Barratt warning
  + stars: | 2023-09-06 | by ( ) www.reuters.com   time to read: +1 min
Signage for the London Stock Exchange Group is seen outside of offices in Canary Wharf in London, Britain, August 3, 2023. REUTERS/Toby Melville/File Photo Acquire Licensing RightsSummaryCompanies FTSE 100 down 0.5%, FTSE 250 falls 0.4%Sept 6 (Reuters) - UK's FTSE 100 slipped on Wednesday as recent soft economic data from China and Europe continued to weigh on global sentiment, while shares of Barratt Developments fell after the homebuilder warned of a tough housing market environment. The exporter-heavy FTSE 100 index (.FTSE) dropped 0.5% in early trade, while the domestically focussed FTSE 250 index (.FTMC) declined 0.4%. Global markets also extended losses for a second day as faltering growth in China and Europe heightened concerns about global economic momentum. GLOB/MKTSEmerging markets-focused fund manager Ashmore's shares (ASHM.L) fell 4.3% after it reported a 6% drop in annual profit.
Persons: Toby Melville, Barratt, Ashmore's, WH Smith, Siddarth, Sohini Goswami Organizations: London Stock Exchange, REUTERS, Barratt, Global, Thomson Locations: Canary Wharf, London, Britain, China, Europe, Bengaluru
☆ Ashmore assets under management hit by flight from emerging markets
  + stars: | 2023-07-14 | by ( ) www.reuters.com   time to read: +1 min
LONDON, July 14 (Reuters) - Investment group Ashmore's (ASHM.L) assets under management dropped by $1.8 billion in the three months to June 30, down 3% from the previous quarter, as investors retreated from emerging markets owing to global macroeconomic uncertainties. Net outflows amounted to $2.9 billion, the emerging markets-focused asset manager reported on Friday, citing institutional clients' top-down asset allocation decisions to pull back on emerging market hard-currency debt and other fixed income in developing economies. Meanwhile, a positive investment performance of $1.1 billion cushioned the overall impact on assets under management, which stood at $55.9 billion at the end of June. "There remains some global macro uncertainty and certain investors have therefore reduced risk during the quarter," said Chief Executive Mark Coombs. "However, emerging markets continue to perform well, with support from improving fundamentals such as accelerating GDP growth, falling inflation and the potential for rate cuts, as well as the benefit of a weaker U.S.
Persons: Jeffries, Ashmore, Mark Coombs, Karin Strohecker, Dhara Ranasinghe, David Goodman Organizations: Thomson
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