|Bid||221.40 x 0|
|Ask||221.80 x 0|
|Day's range||218.20 - 222.20|
|52-week range||186.00 - 405.60|
|Beta (5Y monthly)||1.15|
|PE ratio (TTM)||7.63|
|Earnings date||02 Sept 2022|
|Forward dividend & yield||0.17 (7.77%)|
|Ex-dividend date||03 Mar 2022|
|1y target est||227.57|
LONDON (Reuters) -Shares in emerging markets investment firm Ashmore fell to a 13-year low on Thursday after it reported a much heavier-than-expected $6.6 billion exodus from its funds after a torrid few months for developing economies. Russia's invasion of Ukraine, a soaring dollar and China's economic strains have combined to give emerging markets their most difficult year on record. London-based Ashmore said its assets under management had tumbled by $14.3 billion to $64 billion during the quarter to June 30, comprising $6.6 billion of net outflow and what it described as $7.7 billion of negative investment performance.
Asset managers Blackrock Inc. and Ashmore Group Plc. are among the top holders of Sri Lanka's international bonds that form part of a creditor group as markets prepare for a potential debt restructuring, a source said on Wednesday. The bondholder group, which hasn't been formally announced yet, holds more than 30% of country's foreign sovereign bonds, the source familiar with the situation told Reuters. BlackRock and Ashmore did not immediately respond to a request for comment.
LONDON (Reuters) -Ashmore Group's pretax profit dropped 23% in the six months to the end of 2021 as net outflows and a poor investment performance hit its assets under management. The emerging markets investment firm said its pretax profit was 116 million pounds ($157 million) during the period, while adjusted diluted earnings per share slipped 19% to 10.4 pence, which analysts said was broadly in line with expectations. Ashmore's shares slipped as much as 3% in early trading, before recouping some ground to trade down 0.5% at 277.6 pence.