REG-Ashmore Group Plc Quarterly AuM Statement

Released : 17/07/2007

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RNS Number:3294A 
Ashmore Group PLC 
17 July 2007 
 
 
 
 
 
Ashmore Group plc 
 
0700 17 July 2007 
 
 
TRADING UPDATE AND ASSETS UNDER MANAGEMENT STATEMENT 
 
 
Ashmore Group plc ("Ashmore", "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 three month period ended 30 
June 2007. 
 
 
Assets under Management 
 
                                   Actual             Estimated 
Theme                                 AuM                   AuM        Movement 
                    31 March 2007 (US$bn)          30 June 2007 
                                                        (US$bn)             (%) 
US Dollar                            20.1                  21.2               5 
Local Currency                        4.2                   5.0              19 
Special Situations                    3.2                   3.4               6 
Equity                                1.7                   2.0              18 
Total                                29.2                  31.6               8 
 
 
 
During the three month period ended 30 June 2007, the Group continued to 
experience a good level of demand for its products, attracting net subscriptions 
totalling US$2.3bn across its investment themes. Approximately half of the net 
subscriptions represented inflows generated through investments into the Group's 
Multi Strategy funds which invest across the Group's investment themes. These 
include subscriptions into a new fund launched in April 2007 targeting retail 
investors in Japan which raised US$1.0bn, continuing the Group strategy of 
diversification. 
 
During the financial year ended 30 June 2007, AuM increased by US$11.5bn (57%) 
from US$20.1bn at 30 June 2006 to US$31.6bn at 30 June 2007. Net subscriptions 
in the same period were US$8.3bn and investment performance contributed 
US$3.2bn. 
 
Net performance fees recognised in the six month period to 30 June 2007 are 
estimated to be £12.2m, and were generated across all of the Group's investment 
themes. 
 
The Group remains focused on delivering long term investment out-performance, 
generating net management fee income through the attraction of net subscriptions 
across all of its investment themes and developing the Ashmore brand and 
business model. Despite recent market volatility, trading conditions across the 
Group's investment themes during the last quarter of the 2007 financial year and 
into the start of the 2008 financial year remain in line with management 
expectations. The Group continues to believe that strong macro-economic, 
demographic and political factors, together with enhanced liquidity, index 
re-weighting and credit worthiness in the Group's markets will continue to 
underpin growth across emerging market asset classes. 
 
Ashmore will announce its preliminary results in respect of the financial year 
to 30 June 2007 at 0700 on 12 September 2007. There will be a presentation for 
analysts and investors at 0930 on that date at the offices of Goldman Sachs at 
Peterborough Court, 133 Fleet Street London EC4A 2BB. A copy of the presentation 
will be made available on the Group's website at www.ashmoregroup.com. 
 
 
 
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 
END 
 
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