REG-Ashmore Group Plc Trading Statement

Released : 11/01/2007

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RNS Number:3373P 
Ashmore Group PLC 
11 January 2007 
 
Ashmore Group plc 
 
0700 11 January 2007 
 
TRADING UPDATE AND ASSETS UNDER MANAGEMENT STATEMENT 
 
Ashmore Group plc ("the "Group"), a leading specialist emerging markets asset 
manager, announces today the following trading update and assets under 
management ("AuM") statement in respect of the six month period ending 31 
December 2006. 
 
Assets under Management 
                                     Actual             Estimated 
Theme                                   AuM                   AuM                      Movement 
                               30 June 2006           31 Dec 2006 
                                    (US$bn)               (US$bn)                           (%) 
                                                                                             
US Dollar                              15.2                  18.3                            20 
Local Currency                          3.0                   3.8                            27 
Special Situations                      1.3                   2.9                           123 
Equity                                  0.6                   1.8                           200 
Total                                  20.1                  26.8                            33 
 
 
Trading conditions in the six months to 31 December 2006 remained satisfactory 
with global liquidity and strong fundamentals in emerging markets continuing to 
be positive for the Group's investment themes. The Group has continued to 
attract net subscriptions across all of its investment themes and the Group's 
track record of delivering investment out-performance has been sustained. 
 
Net subscriptions during this period totalled US$4.2bn, including, as previously 
announced, the US$1.3bn raised in August through the launch of Ashmore Global 
Special Situations Fund 3 L.P. Approximately 18 per cent. of the net 
subscriptions represent inflows generated through investments into the Group's 
Multi Strategy Fund, which invests across the Group's investment themes. 
 
Although the Group continues to deliver strong investment performance, as 
anticipated at the time of the Group's IPO in October 2006, crystallised 
performance fees during the financial year to 30 June 2007 are expected to be 
substantially lower than those crystallised in the prior year. The Group 
estimates that crystallised performance fees in the six months to 31 December 
2006 were £8m. 
 
The Group remains focused on delivering long term investment outperformance and 
generating net management fee income through the attraction of net subscriptions 
across all of its investment themes. Trading conditions across the Group's 
investment themes continue to be in line with management expectations and the 
Directors remain confident of the Group's prospects for the current financial 
year. 
 
Mark Coombs, CEO and Jim Pettigrew, COO/CFO will be hosting a conference call at 
3.15pm London time today for investors and analysts. Dial in details are 
available upon request from Penrose Financial on the number at the end of this 
statement. 
 
Ashmore will announce its interim results and maiden interim dividend in respect 
of the financial year to 30 June 2007 at 0700 hours on 27 February 2007. There 
will be a presentation for analysts and investors at 9:30am on that date at the 
offices of UBS at 1 Finsbury Avenue, London EC2M 2PP. A copy of the presentation 
will be made available on the Company's website. 
 
For further information, please contact: 
 
Ashmore Group plc                  +44 20 7557 4100 
Jim Pettigrew 
 
Penrose Financial                  +44 20 7786 4888 
Gay Collins                        +44 7798 626 282        gayc@penrose.co.uk 
Will Bowen                         +44 7979 771 057        willb@penrose.co.uk 
 
 
                      This information is provided by RNS 
            The company news service from the London Stock Exchange 
END 
 
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