Trading Statement

Released : 12/01/2012

RNS Number : 4168V
Ashmore Group PLC
12 January 2012
 



Ashmore Group plc

+0700 12 January, 2012

SECOND QUARTER ASSETS UNDER MANAGEMENT STATEMENT

Ashmore Group plc ("Ashmore", the "Group"), the specialist emerging markets asset manager, announces today the following update to its assets under management ("AuM") in respect of the quarter ended 31 December 2011.

Assets under Management  


Actual

Estimated


Theme

30 September

2011

(US$billion)

31 December

2011

(US$billion)

Movement

Q2vsQ1

(%)

External debt

12.9

13.6

+5.4

Local currency

8.4

9.2

+9.5

Corporate debt

1.5

1.9

+26.7

Blended debt

10.9

12.0

+10.1

Equities

7.4

7.0

-5.4

Alternatives

2.8

2.6

-7.1

Multi-strategy

6.8

6.1

-10.3

Overlay / Liquidity

8.2

8.0

-2.4

Total

58.9

60.4

+2.5

The quarter saw assets under management increase 2.5% to US$60.4 billion.  The drivers of this increase were net inflows of US$0.5 billion and positive investment performance of US$1.0 billion.

There were net inflows within the blended debt, local currency, corporate debt and external debt themes, with the largest inflows arising within segregated mandates, whilst net outflows were experienced in the multi-strategy theme (from Asian retail investor focused products), equities and alternatives themes.

Positive performance was greatest in external debt with blended debt, multi-strategy, local currency and equities also experiencing favorable performance. Some adverse performance was experienced in overlay/liquidity, corporate debt and alternatives. 

For funds having a performance year ending December 2011 performance fees were, as anticipated, minimal, which together with the fees previously announced for the August 2011 year end funds and other crystalised performance fees recognised in the period give overall H1 performance fees of approximately £23 million.

Ashmore will announce its interim results in respect of the six months ended 31 December 2011 at 0700 hours on 23 February 2012.

 For further information, please contact:

 

Ashmore Group plc                              

MHP Communications

ashmore@mhpc.com

 



Graeme Dell

Gay Collins

Martin Forrest

 

Group Finance Director

+44 20 3077 6000

+44 20 3128 8582

+44 7798 626 282

+44 20 3128 8590

 

 


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