Ashmore biggest FTSE250 faller on Second Quarter asset outflow news
January 14, 2014 10:07 am
Ashmore group (ASHM.L) fell sharply after the company said it recorded a USD3.5 billion net outflow in the second-quarter due to investor uncertainty over emerging markets. Ashmore is the biggest faller on the FTSE250 this morning losing over 51p or 13%.
Mark Coombs, chief executive, said “Market performance and, to some extent, investor behaviour during the quarter continued to be influenced by uncertainty surrounding US monetary policy and the heightened market volatility experienced since early May last year”
Ashmore group (ASHM.L) fell sharply after the company said it recorded a USD3.5 billion net outflow in the second-quarter due to investor uncertainty over emerging markets. Ashmore is the biggest faller on the FTSE250 this morning losing over 51p or 13%.
Mark Coombs, chief executive, said “Market performance and, to some extent, investor behaviour during the quarter continued to be influenced by uncertainty surrounding US monetary policy and the heightened market volatility experienced since early May last year”
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