LONDON (Reuters) - Ashmore Group
In a trading statement on Tuesday, Ashmore said assets under management fell to $75.3 billion. Analysts at Numis had forecast assets would come in at $79.9 billion after net inflows of $1.4 billion.
Ashmore said clients withdrew money from blended and external debt, as well as equities and multi-strategy themes.
"Market performance and, to some extent, investor behaviour during the quarter continued to be influenced by uncertainty surrounding US monetary policy and the heightened market volatility experienced since early May last year," Mark Coombs, Ashmore's billionaire founder said in the statement.
(Reporting by Tommy Wilkes)