Wealth and Asset Management
Ashmore Group Declines as Investors Flee Emerging Markets
Ashmore Group fell the most in six weeks London trading after reporting $2.9 billion of net outflows as investors fleed emerging markets. Pretax profit slumped 34 percent to 79.5 million pounds ($133 million) in the six months to Dec. 31 from a year earlier after a 9 percent appreciation in…
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