Trading Statement

Ashmore Group PLC
17 April 2008



Ashmore Group plc



+0700 17 April 2008



THIRD QUARTER INTERIM MANAGEMENT STATEMENT



Ashmore Group plc ('Ashmore', the 'Group'), a leading specialist emerging
markets asset manager, announces today the following interim management
statement in respect of the period ended 31 March 2008.



Assets under Management ('AuM')


                           Actual                     Estimated
Theme                      AuM                        AuM                        Movement
                           31 December 2007           31 March 2008
                           (US$billion)               (US$billion)               (%)

Dollar Debt                            23.1                       22.4                        -3
Local Currency                          6.4                        7.6                       +19
Special situations                      5.1                        5.4                        +6
Equity                                  1.9                        0.9                       -53
Total                                  36.5                       36.3                        -1





The quarter saw assets under management fall marginally to US$36.3 billion.  The
drivers of this were net redemptions of US$0.8 billion caused by rebalancing in
the context of an uncertain global outlook. This was particularly visible in the
Equity theme where certain accounts reduced their overall allocation and there
was reweighting within internally managed multi strategy products from equities
to local currency.  The ongoing process of clients being provided with the
opportunity to diversify investment themes continues to be reflected in the
make-up of AuM, particularly in steady growth in the Local Currency theme,
including some switching from Dollar Debt.  Meanwhile, investment performance
for the third quarter was a positive US$0.6 billion.



The Group's strategy remains consistent; deliver long term investment
outperformance; generate and diversify net management fee income through the
attraction of net subscriptions across investment themes; and develop the
Ashmore brand and business model.



Trading conditions are in line with management expectations and the Group
remains confident of its prospects for the current year.



For further information, please contact:



Ashmore Group plc                              [phone]

Graeme Dell, Group Finance Director            [phone]



Penrose Financial                              [phone]

Gay Collins                                    [phone]

[e-mail]


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