REG-Ashmore Group Plc Trading Statement

Released : 15/01/2008

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RNS Number:7620L 
Ashmore Group PLC 
15 January 2008 
 
Ashmore Group plc 
 
+0700 15 January 2008 
 
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 period ended 31 December 
2007. 
 
In the period, Ashmore delivered growth in AuM of US$ 3.7 billion, demonstrating 
the Group's continued ability to attract investors as a specialist asset manager 
with a track record of delivering sustained investment outperformance. 
 
                              Actual                     Estimated 
Theme                         AuM                        AuM                          Movement 
                              30 September 2007          31 December 2007 
                              (US$billion)               (US$billion)                 (%) 
Dollar Debt                                      21.9                       23.4                        7% 
Local Currency                                    5.7                        6.4                       12% 
Special situations                                3.6                        5.1                       42% 
Equity                                            1.9                        1.9                         - 
Total                                            33.1                       36.8                       11% 
 
The Group continues to experience a good level of demand for its products, 
attracting net subscriptions of US$ 2.8 billion in the three month period ended 
31 December 2007. This includes raising US$ 1.0 billion through the launch of 
Ashmore Global Special Situations Fund 4 L.P. and EUR 0.5 billion from the 
successful listing of Ashmore Global Opportunities Limited on the London Stock 
Exchange. In addition, the Group launched a new fund within a new investment 
theme, the Ashmore Emerging Markets Corporate High Yield Fund. Investment 
performance in the period was US$ 0.9 billion. 
 
During the six months ended 31 December 2007, performance fees are estimated to 
be £32 million, generated across the Group's investment themes. 
 
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. 
 
Trading conditions as we enter the third quarter of the 2008 financial year are 
in line with management expectations, supported by the long term growth trends 
demonstrated by emerging market asset classes, and the Group remains confident 
of its prospects for the current year. 
 
Ashmore will announce its interim results in respect of the six months ended 31 
December 2007 at 0700 hours on 26 February 2008. 
 
For further information, please contact: 
 
Ashmore Group plc                                         +44 (0)20 7557 4100 
Graeme Dell, Group Finance Director                       +44 (0)20 7557 4157 
 
Penrose Financial                                         +44(0)20 7786 4888 
Gay Collins                                               +44(0)7798 626282 
Ashmore@penrose.co.uk 
 
 
 
 
 
                      This information is provided by RNS 
            The company news service from the London Stock Exchange 
END 
 
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