REG-Ashmore Group Plc Trading Statement

Released : 17/04/2008

                                                                                                                       .
RNS Number:5179S 
Ashmore Group PLC 
17 April 2008 
 
 
 
Ashmore Group plc 
 
 
 
+0700 17 April 2008 
 
 
 
THIRD QUARTER INTERIM MANAGEMENT STATEMENT 
 
 
 
Ashmore Group plc ("Ashmore", the "Group"), a leading specialist emerging 
markets asset manager, announces today the following interim management 
statement in respect of the period ended 31 March 2008. 
 
 
 
Assets under Management ("AuM") 
 
 
                           Actual                     Estimated 
Theme                      AuM                        AuM                        Movement 
                           31 December 2007           31 March 2008 
                           (US$billion)               (US$billion)               (%) 
 
Dollar Debt                            23.1                       22.4                        -3 
Local Currency                          6.4                        7.6                       +19 
Special situations                      5.1                        5.4                        +6 
Equity                                  1.9                        0.9                       -53 
Total                                  36.5                       36.3                        -1 
 
 
 
 
 
The quarter saw assets under management fall marginally to US$36.3 billion.  The 
drivers of this were net redemptions of US$0.8 billion caused by rebalancing in 
the context of an uncertain global outlook. This was particularly visible in the 
Equity theme where certain accounts reduced their overall allocation and there 
was reweighting within internally managed multi strategy products from equities 
to local currency.  The ongoing process of clients being provided with the 
opportunity to diversify investment themes continues to be reflected in the 
make-up of AuM, particularly in steady growth in the Local Currency theme, 
including some switching from Dollar Debt.  Meanwhile, investment performance 
for the third quarter was a positive US$0.6 billion. 
 
 
 
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 are in line with management expectations and the Group 
remains confident of its prospects for the current year. 
 
 
 
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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