Interim Management Statement

RNS Number : 4278O

Ashmore Group PLC

11 October 2012

 



Ashmore Group plc

+0700 11 October, 2012                              

FIRST QUARTER INTERIM MANAGEMENT STATEMENT

Ashmore Group plc ("Ashmore", the "Group"), the specialist emerging markets asset manager, announces today the following update to its assets under management ("AuM") in respect of the quarter ended 30 September 2012.

Assets under Management  

	Actual	Estimated
Theme	30 June 2012 (US$billion)	30 September 2012 (US$billion)	Movement Q1vsQ4 (%)
External debt	15.9	16.4	+3.1
Local currency	10.0	11.4	+14.0
Corporate debt	2.4	2.3	-4.2
Blended debt	12.4	14.2	+14.5
Equities	6.2	6.4	+3.2
Alternatives	2.6	2.7	+3.8
Multi-strategy	5.6	5.2	-7.1
Overlay / Liquidity	8.6	9.4	+9.3
Total	63.7	68.0	+6.8

The quarter saw assets under management increase 6.8% to US$68.0 billion.  The drivers of this increase were positive investment performance of US$3.7 billion and net inflows of US$0.6 billion.

The principal net inflows were within the blended debt and local currency themes, with the largest inflows from further Asian and Middle East government related sources in line with recent experience. Net outflows were experienced in the multi-strategy, external debt, equities, and corporate debt themes.

Investment performance was positive across all investment themes.

The Group is continuing to perform in line with management's expectations.

For further information, please contact:

Ashmore Group plc		MHP Communications [e-mail]
Graeme Dell	Gay Collins		Martin Forrest
Group Finance Director [phone]	[phone] [phone]		[phone]

 

END

 

 

IMSEBLFFLBFEFBX