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By Elliot Gulliver-Needham Emerging markets investment manager Ashmore reported a 12 per cent drop in adjusted profit before tax for the year to 30 June 2024. The group reported an adjusted profit before tax of $105m (£80m), below expectations of $113m (£86m). Ashmore has experienced years of withdrawals from investors, and the trend has shown no sign of letting up. The fund manager recorded $8.5bn (£6.6bn) in outflows over the last year. The asset manager has struggled to make the case for emerging markets as Chinese growth remains weak and the Russian invasion of Ukraine killed sentiment in …

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