UPDATE 2-Ashmore AUM plunge as investors shun emerging markets amid coronavirus selloff

Emerging markets-focused money
manager Ashmore on Thursday posted a 22% plunge in
assets under management, slammed by an $18 billion loss on its
investments after a coronavirus-led selloff rocked financial
markets last month.
Faced with a combination of economic fallout from the
coronavirus pandemic and an oil price shock, investors have fled
emerging market assets en masse this year, with Morningstar data
showing the shock has wiped billions of dollars of value from