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ASHM — Ashmore News Story

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UK's Ashmore falls as FY profit misses estimate

BUZZ-UK's Ashmore falls as FY profit misses estimate

** Asset manager Ashmore Group ASHM.L down 2.5% at 213p

** Co posts FY pretax profit of £126.9 mln ($171.49 million), below company-compiled estimate of £128.2 million

** However, FY assets under management climbs 13% to $54.0 bln helped by emerging markets growth

** As of last close, ASHM up ~23.7% YTD



($1 = 0.7392 pounds)


(Reporting by Atharva Singh in Bengaluru)

((Atharva.singh@thomsonreuters.com))

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