As part of Ashmore’s acquisition of a majority interest in Emerging Markets Management, L.L.C. (“EMM”), Amundi Asset Management has sold its 11.5% interest in EMM. With approximately $10.4 billion of institutional assets under management and a history dating back to 1987, EMM has established a reputation as one of the world’s leading managers of emerging markets equities. The acquisition fulfills Ashmore’s stated goal of expanding its product offering and also further diversifies its client base by both geography and client type. Amundi successfully exits an investment made by Crédit Agricole in 1996.