For best results when printing this announcement, please click on the link below:
RNS Number : 3028P
Ashmore Group PLC
14 July 2010
Ashmore Group plc
+0700 14 July, 2010
FOURTH QUARTER ASSETS UNDER MANAGEMENT AND TRADING UPDATE
Ashmore Group plc ("Ashmore", the "Group"), a leading specialist emerging markets asset manager, announces today the
following statement in respect of the period ended 30 June 2010.
Assets under Management
Theme 31 March 2010(US$billion) 30 June2010(US$billion) MovementQ3vsQ4(%)
External debt 18.4 19.4 +5
Local currency 6.1 7.0 +15
Special situations 3.0 3.4 +13
Equity 0.2 0.2 -
Corporate high yield 0.9 0.9 -
Multi-strategy 2.1 2.0 -5
Other 2.3 2.4 +4
Total 33.0 35.3 +7
The final quarter of the financial year ended 30 June 2010 saw Assets under Management increase by US$2.3 billion (7%) to
US$35.3 billion. The drivers of this were net inflows of US$2.9 billion into the external debt, local currency and special
situations themes, and adverse investment performance of US$0.6 billion primarily in May.
Performance fees for the year overall are estimated to be £82.9 million (H1 2009/10 £53.3 million: FY2008/09 £52.5 million)
arising principally from strong investment performance for funds with December and April year ends.
The Group will announce its results in respect of the financial year to 30 June 2010 on 14 September 2010. There will be a
presentation for analysts at 0900 on that date at the offices of Goldman Sachs at Peterborough Court, 133 Fleet Street
London EC4A 2BB. A copy of the presentation will be made available on the Group's website at www.ashmoregroup.com.
A relatively stable GBP:US$ exchange rate prevailed in the year (FY2009/10 average rate 1.5804, 30 June 2010 1.4945), with
an average exchange rate over the final quarter of GBP1:1.4965 US$ and forward foreign exchange contracts over US$30
million have matured in the quarter, effectively at this average rate.
For further information, please contact:
Ashmore Group plc Penrose FinancialAshmore@penrose.co.uk
Graeme Dell Gay Collins Jennifer Spivey
Group Finance Director+44 20 3077 6000 +44 20 7786 4888 / +44 7798 626 282 +44 20 7786 4834
This information is provided by RNS
The company news service from the London Stock Exchange