Ashmore Profit Drops 15% as Fees Weaken, AuM Slips to $47.6 Billion
Ashmore, a leading emerging markets investment manager, has reported a 15% decline in profits as its fee revenues weakened and assets under management (AuM) slipped to $47.6 billion. This financial setback has raised concerns among investors who closely follow the global stock market and rely on stock research to gauge performance in volatile sectors. The…