Ashmore Group Share News (ASHM)

LONDON, April 19 (Reuters) - Emerging markets-focused assetmanager Ashmore said on Tuesday that assets undermanagement had risen by $1.9 billion in the three months toend-March as market gains more than offset further clientoutflows.

Positive investment performance across its funds added $3billion to its total assets, although this was partially offsetby net outflows of $1.1 billion, it said in a statement.

Ashmore said it saw net outflows from its blended debt,external debt, corporate debt, multi-asset and local currencyfunds, although rising emerging market asset values had morethan compensated for the losses.

"There continues to be substantial absolute and relativevalue available in emerging markets, supporting our view thatinvestors should be looking to increase their allocations,"Chief Executive Mark Coombs said. (Reporting by Simon Jessop, editing by Sinead Cruise)