Emerging market manager Ashmore fourth quarter assets up 7.6%, weaker dollar helps
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LONDON (Reuters) - Emerging market-focused money manager Ashmore's assets under management grew by $6.5 billion (£5.2 billion) in the fourth quarter, it said on Friday, helped by a weaker dollar which boosted demand for debt in local currencies.Ashmore said total assets at the end of June were $91.8 billion, up from the prior quarter's $85.3 billion. The emerging markets specialist saw net inflows of $3.3 billion and positive investment performance of $3.2 billion over the period.The company,..