UK's Ashmore falls on $2 bln outflows, further AUM decrease
** Shares of British fund manager Ashmore ASHM.L down 3.2% at 174.3p
** AUM falls 5% to $49.5 bln for June-end qtr from $51.9 bln in prior quarter
** Posts further $2 bln outflows of client cash in Q4
** Attributes rise in net outflows to subdued investor risk appetite and reduced emerging markets exposure
** CEO Mark Coombs expects investor appetite for emerging markets exposure to improve followed by capital flows over the medium term
** ASHM stock fell ~22.5% YTD
Reporting by Yamini Kalia in Bengaluru
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