Interim Management Statement

RNS Number : 0758C

Ashmore Group PLC

11 April 2013

 



Ashmore Group plc

+0700 11 April, 2013

THIRD 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 31 March 2013.

Assets under Management

	Actual	Estimated
Theme	31 December 2012 (US$billion)	31 March 2013 (US$billion)	Movement Q3 vs Q2 (%)
External debt	15.3	14.8	-3.3
Local currency	13.2	17.1	+29.5
Corporate debt	3.1	4.7	+51.6
Blended debt	16.6	17.3	+4.2
Equities	6.0	5.9	-1.7
Alternatives	2.3	2.3	-
Multi-strategy	5.1	5.5	+7.8
Overlay / liquidity	9.4	10.1	+7.4
Total	71.0	77.7	+9.4

Assets under management increased 9.4% to US$77.7 billion during the quarter. The factors behind the US$6.7 billion increase were net inflows of US$7.3 billion and adverse investment performance of US$0.6 billion.

Strong net inflows continued in local currency, corporate debt and blended debt. Ongoing success in attracting funds principally from government related clients in emerging markets was augmented by flows from European and US institutions. There were also net inflows to multi-strategy and overlay. Modest net outflows were seen in external debt and equities.

Investment performance during the quarter was slightly positive in equities and corporate debt and modestly negative across the other fixed income themes.

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

For further information, please contact:

Ashmore Group plc		MHP Communications
		[e-mail]
Paul Measday		Gay Collins	Martin Forrest
Investor Relations		[phone]	[phone]
[phone]		[phone]

 

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