RNS Number : 3623U
Ashmore Group PLC
14 October 2010
Ashmore Group plc
14 October 2010
First 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 30 September 2010.
Assets under Management
|
|
Actual
|
Estimated
|
|
|
Theme
|
30 June
2010
(US$billion)
|
30 September
2010
(US$billion)
|
Movement
Q1vsQ4
(%)
|
|
External debt
|
19.4
|
20.5
|
+6
|
|
Local currency
|
7.0
|
7.6
|
+9
|
|
Special situations
|
3.4
|
3.4
|
-
|
|
Equity
|
0.2
|
0.2
|
-
|
|
Corporate debt
|
0.9
|
0.9
|
-
|
|
Multi-strategy
|
2.0
|
4.9
|
+145
|
|
Other
|
2.4
|
4.1
|
+71
|
|
Total
|
35.3
|
41.6
|
+18
|
The quarter saw assets under management increase 18% to US$41.6 billion. The drivers of this were net inflows of US$3.4 billion, and positive performance of US$2.9 billion.
The inflows were within the multi-strategy theme, principally from Asian retail investor focused products, and in the "Other" theme in the currency hedging/overlay strategy.
Trading conditions are in line with management expectations and the Group remains confident of its prospects for the current year.
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.
For further information, please contact:
|
Ashmore Group plc
|
MHP Communications
[email protected]
|
|
Graeme Dell
|
Gay Collins
|
Jennifer Spivey
|
|
Group Finance Director
+44 20 3077 6000
|
+44 20 3128 8582
+44 7798 626 282
|
+44 20 3128 8534
|
This information is provided by RNS
The company news service from the London Stock Exchange
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