Ashmore’s AUM rise by 12%

Ashmore saw its assets under management rise by 12% to $46.7 billion (£29.6 billion) over the quarter ending December 2010.

The main drivers were net inflows of $5.2 billion and adverse investment performance of $100m.

Inflows were highest in Ashmore’s multi-strategy theme. The final quarter also saw inflows into its Asia retail-focused product. (article continues below)

Performance fees for relevant funds are estimated to be £10m to the end of December.