ASHM profit before tax up 17% and AuM up 13% on inflows
ASHM said AuM rose 13% to $54.0 billion, citing strong market returns and active management alongside net inflows. Profit before tax increased 17% to £126.9 million.
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10:08:40 AM UTC
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Assets under management rose 13% to $54.0bn, driven by $2.7bn of net inflows and $3.7bn of positive investment performance, which the company put down to "continued emerging markets' outperformance".Gross subscriptions surged 92% to $12.5bn, while gross redemptions fell 20% to $9.8bn.Pre-tax profit…
0 billion. 9 million, supported by seed capital gains, while strategic growth in equities, alternatives and local offices continued.