Ashmore profit leaps on asset inflows and investment performance
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LONDON (Reuters) - Emerging markets-focused money manager Ashmore Group's assets under management rose 7% in the six months to Dec. 31, helping it to better than expected profit and lifting its shares by more than 2% on Thursday.Total assets at the end of 2019 were $98.4 billion (£75.8 billion), Ashmore said in a statement, buoyed by net inflows of $5.7 billion since June and investment profit of $900 million.Adjusted net revenue jumped by 20% to 176.8 million pounds, driven by an 18% rise in..