REG-Ashmore Group Plc Quarterly AuM Statement

Released : 16/10/2007 06:01:00

RNS Number:7594F 
Ashmore Group PLC 
16 October 2007 
Ashmore Group plc 
0700 16 October 2007 
Ashmore Group plc (the "Group", the "Company") today issues the following 
interim management statement in respect of the three month period to 30 
September 2007. 
Assets under Management ("AuM") 
                                                 AuM                    AuM                  Movement 
                                             30 June 2007           30 Sept 2007 
                                                 (US$bn)                (US$bn)                  (%) 
Global US$                                          21.2                   21.9                      4 
Local Currency                                       5.0                    5.7                     14 
Special Situations                                   3.4                    3.6                      7 
Equity                                               2.0                    1.9                    (8) 
Total                                               31.6                   33.1                      5 
Over a period in which global financial markets experienced a high level of 
volatility and conditions in global credit markets in particular were 
challenging, the Group delivered net subscriptions of US$0.1bn and satisfactory 
levels of investment performance. Despite recent market conditions, investor 
appetite for emerging markets investments remains positive and the Group 
continues to benefit from a shift in investor preference towards specialist 
managers with track records of delivering sustained investment out-performance. 
The Group's strategy remains consistent; deliver long term investment 
out-performance; generate and diversify net management fee income through the 
attraction of net subscriptions across investment themes; and develop the 
Ashmore brand and business model. Trading conditions into the second quarter of 
the 2008 financial year are in line with management expectations and the Group 
remains confident that its prospects for the current financial year are 
supported by the long-term growth trends demonstrated by emerging market asset 
The Group will announce a trading update and AuM statement for the six month 
period to 31 December 2007 at 0700 on 15 January 2008 and its results in respect 
of this period at 0700 on 26 February 2008. 
For further information, please contact: 
Ashmore Group plc                              +44 20 7557 4100 
Jim Pettigrew                                  +44 20 7557 4157 
Tom Shippey                                    +44 20 7557 4191 
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