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RNS Number : 4518F
Ashmore Group PLC
13 January 2010
Ashmore Group plc
+0700 13 January, 2010
SECOND QUARTER ASSETS UNDER management UPDATE
Ashmore Group plc ("Ashmore", the "Group"), a leading specialist emerging markets asset manager, announces today the
following update on its assets under management ("AuM") in respect of the quarter ended 31 December 2009.
Assets under Management ("AuM")
Theme AuM30 September 2009(US$billion) AuM31 December 2009(US$billion) Movement(%)
External debt 17.6 17.6 -
Local currency 5.3 5.7 8%
Special situations 3.3 3.1 (6)%
Equity 0.1 0.2 100%
Corporate high yield 0.7 0.7 -
Multi-strategy 2.0 2.0 -
Other 2.1 2.3 10%
Total 31.1 31.6 2%
The quarter saw assets under management increase by US$0.5bn to US$31.6 billion. The drivers of this were net inflows of
US$0.3 billion and positive performance of US$0.2billion. Inflows were strongest in local currency and currency
hedging/overlay within the "Other" theme, whilst small net outflows continued in external debt.
For funds having a performance year ending December 2009 within the external debt, local currency and equity investment
themes, performance fees are estimated to be P38.8million.
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
Trading conditions are in line with management expectations and the Group remains confident of its prospects for the
Ashmore will announce its interim results in respect of the six months ended 31 December 2009 at 0700 hours on 25 February
The GBP:USD exchange rate has been relatively stable over the period (31 December 1.6170 vs 30 September GBP1:1.5982), with
an average rate for the quarter of GBP1:1.6354USD. Forward foreign exchange contracts over US$30 million have matured in
the period, effectively at this average rate, and US$60 million remain in place in respect of the remainder of FY09/10.
These outstanding forwards have been marked-to-market at the quarter end rate. In line with the position at 30 June 2009,
there remain in place US$60 million of FX hedges in place for FY2010/11, which are hedge-accounted for.
For further information, please contact:
Ashmore Group plc Penrose FinancialAshmore@penrose.co.uk
Graeme Dell Gay Collins Clare Milton
Group Finance Director+44 20 3077 6000 +44 20 7786 4888 / +44 7798 626 282 +44 20 7786 4874
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