Ashmore Group PLC (ASHM.LN) said Friday that assets under management fell by $2.6 billion in the second quarter as net inflows were offset by an investment loss.
The investment company said that during the quarter ended June 30, net inflows of $2.6 billion were offset by an investment loss of $5.2 billion. Investment performance was negative across all themes, except alternatives, Ashmore Group said.
Chief Executive Mark Coombs said returns were hit by the combination of a stronger U.S. dollar and weaker euro, political instability and concerns about trade protectionism.
The company's performance remains strong over one, three and five years, Ashmore Group said.