REG-Ashmore Group Plc Trading Statement

Released : 17/07/2008 06:00:00
RNS Number : 2530Z  
Ashmore Group PLC  
17 July 2008  
 Ashmore Group plc  
+0700 17 July 2008   
Ashmore Group plc ("Ashmore", the "Group"), a leading specialist emerging 
markets asset manager, announces the following trading update and Assets under 
("AuM") statement in respect of the period ended 30 June 2008.  
Assets under Management    
                       Actual           Estimated                  
  Theme                AuM              AuM             Movement   
                       31 March2008     30June 2008                
                       (US$billion)     (US$billion)    (%)        
  Dollar Debt          22.4             22.7            +1         
  Local Currency       7.6              8.5             +12        
  Special Situations   5.4              5.5             +2         
  Equity               0.9              0.8             -11        
  Total                36.3             37.5            +3         
The final quarter of the financial year ended 30 June 2008 saw AuM increase by 
US$1.2 billion (3%) to US$37.5 billion.  This increase comprises net 
subscriptions of US$1.2 billion, principally in local currency and dollar debt, 
while investment performance across the investment themes was neutral.  
During the financial year ended 30 June 2008, AuM increased by US$5.9 billion 
(19%) from US$31.6 billion to US$37.5 billion. Net subscriptions in the period 
were US$3.0 billion and investment performance contributed US$2.9 billion. The 
Group has seen strong growth in the local currency theme during the last year 
with AuM up by 70% from US$5.0 billion to US$8.5 billion and management believes 
this growth opportunity will continue. In the special situations theme, the 
fourth Global Special Situations Fund ("GSSF") is now fully drawn and the launch 
of the fifth GSSF fund, GSSF5 has recently been announced.  
The results for the full year are in-line with management expectations and 
include estimated net performance fees recognised in the six month period to 30 
June 2008 of £12.8 million, generated across all of the Group's investment 
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.  
The Group will announce its preliminary results in respect of the financial year 
to 30 June 2008 on 16 September 2008. There will be a presentation for analysts 
and investors 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  
For further information, please contact:  
Penrose Financial     +44(0)20 7786 4888   
Gay Collins/ Lauren Stewart       +44(0)7921 884 551   
This information is provided by RNS  
The company news service from the London Stock Exchange