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By Elliot Gulliver-Needham Emerging markets-focusedAshmore saw assets surge over the last three months, turning around a years-long trend of poor performance for the asset manager. Assets under management at the fund house increased by $2.5bn (£1.9bn) over the quarter to 30 September thanks to $3.2bn (£2.4bn) of positive investment performance, with investors only withdrawing $700m (£535m) during the period. The same quarter in 2023, Ashmore lost $1.3bn (£994m) to investment performance and $2.9bn (£2.2bn) to withdrawals, leading to a nine per cent drop in assets under management. This stands …

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