|Bid||482.40 x 0|
|Ask||482.60 x 0|
|Day's Range||468.40 - 485.40|
|52 Week Range||338.00 - 545.50|
|Beta (3Y Monthly)||1.02|
|PE Ratio (TTM)||19.42|
|Earnings Date||Sep 6, 2019|
|Forward Dividend & Yield||0.17 (3.52%)|
|1y Target Est||406.64|
Ashmore has warned that a US growth slowdown and the country’s “confrontational trade policy” pose the biggest risk to the global economy following a strong year for the emerging market specialist. The FTSE 250 group said the “aggressive US trade stance has created uncertainty and is beginning to affect growth, both domestically and in its partners such as China and Europe”. The comments came as Ashmore reported pre-tax profits of £219.9m in the year to June 30, ahead of expectations of £213.3m, based on a consensus of 12 analysts’ forecasts provided by Bloomberg.
The FTSE 100 added 0.4 percent after hitting its highest since Oct. 4 as a dip in pound boosted blue-chip exporter stocks. The more domestically-focused midcap index built on last week's momentum, when the European Union agreed a second delay to Brexit, and clung to its six-month high with a 0.6 percent rise. Both followed gains in Asia after data showed that new home prices in China grew slightly faster in March after a slow-down the previous month, kindling hopes that Beijing's stimulus measures were having an impact.
Emerging market-focused money manager Ashmore said total assets jumped 11.2 percent in its third quarter, boosted by new client money and market gains, sending its shares higher. The quarter marked a strong bounce back for Ashmore after a subdued end to 2018 as market volatility dulled investor sentiment. Ashmore said total assets at the end of March were $85.3 billion (£65.2 billion), up from the prior quarter's $76.7 billion, after net inflows of $5 billion and positive investment performance of $3.6 billion.
According to Amundi SA, $100 billion was withdrawn from European mutual funds in the fourth quarter alone. Ashmore Group Plc grew assets under management by 10 percent in 2018, figures released on Thursday showed, reinforcing the argument that in an industry facing such strong headwinds, it pays to be a specialist. Ashmore’s focus on emerging markets, specifically fixed income, helped its shares outpace those of its competitors, especially in the final three months of last year when the wider equity market took a battering.
Ashmore's shares slumped on Thursday as the chief executive and majority owner of the emerging markets-focused fund manager revealed plans to sell down his stake, overshadowing a rise in assets under management. Mark Coombs, who owns around 39 percent of the London-listed fund manager's shares, said he would look to reduce his stake to a "more appropriate level" over the medium term by selling up to 4 percent a year into the market.
LONDON (Reuters) - British emerging markets-focused asset manager Ashmore (ASHM.L) on Tuesday said net inflows of new client money more than offset weaker markets in the three months to end-December, taking ...
Shares of Ashmore, which manages about $76 billion in emerging markets, have been on something of a tear recently: On Wednesday, they completed eight consecutive days of gains, their longest winning streak since February 2017.
By Simon Jessop LONDON (Reuters) - Emerging markets-focused fund manager Ashmore (ASHM.L) said assets under management rose 3 percent in its first quarter, boosted by inflows of client cash, market gains ...