Ashmore Group PLC
17 April 2007
Ashmore Group plc
0700 17 April 2007
QUARTERLY ASSETS UNDER MANAGEMENT STATEMENT
Ashmore Group plc ("the "Group"), a leading specialist emerging markets asset
manager, announces today the following assets under management ("AuM") statement
in respect of the three month period ending 31 March 2007.
Assets under Management
Actual Actual Movement
Theme AuM AuM
31 Dec 2006 31 Mar 2007
(US$bn) (US$bn) (%)
Global US$ 18.3 20.1 10
Local Currency 3.8 4.2 11
Special Situations 2.9 3.2 10
Equity 1.8 1.7 (6)
Total 26.8 29.2 9
Net subscriptions during this period totalled US$1.8bn. Trading conditions in
the three months to 31 March 2007 remained satisfactory despite some market
turbulence during the quarter, 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 and the Group's track
record of delivering investment out-performance has been sustained.
The Group remains focused on delivering long term investment out-performance and
generating net management fee income through the attraction of net subscriptions
across all of its investment themes. Trading conditions continue to be in line
with management expectations and the Group remains confident of its prospects
for the current financial year.
The Group will announce its fourth quarter AuM Statement on 17 July 2007 and its
preliminary results in respect of the financial year to 30 June 2007 at 0700
hours on 12 September 2007.
For further information, please contact:
Ashmore Group plc +44 20 7557 4100
Jim Pettigrew +44 20 7557 4157
Chief Operating and Financial Officer
Penrose Financial +44 20 7786 4888
Gay Collins +44 7798 626 282
This information is provided by RNS
The company news service from the London Stock Exchange