Money pours into Man Group and Ashmore funds despite emerging market crisis


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Shares in Man Group and Ashmore rose on Friday after it emerged that investors pumped money into the two group’s funds over the third quarter. 

Investors poured almost $2bn (£1.5bn) into fund manager Ashmore over the three months to September 30 despite turmoil in emerging markets such as Turkey and Argentina. Turkey’s central bank was forced to raise rates to help rescue the crisis-hit lira last month after the currency plummeted over the summer.  

Ashmore’s chief executive Mark Coombs said the firm’s customers reacted “positively to the opportunities created by price volatility” during the period. Assets under management rose 3pc to $76.4bn for the quarter.

The emerging markets fund house said…

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