Interim Management Statement

Released : 12/04/2012

RNS Number : 1717B
Ashmore Group PLC
12 April 2012
 



Ashmore Group plc

+0700 12 April, 2012

THIRD QUARTER INTERIM 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 March 2012.

Assets under Management  


Actual

Estimated


Theme

31 December

2011

(US$billion)

31 March

2012

(US$billion)

Movement

Q3vsQ2

(%)

External debt

13.6

15.1

+11.0

Local currency

9.2

10.3

+12.0

Corporate debt

1.9

2.3

+21.1

Blended debt

12.0

12.3

+2.5

Equities

7.0

7.8

+11.4

Alternatives

2.6

2.7

+3.8

Multi-strategy

6.1

6.5

+6.6

Overlay / Liquidity

8.0

8.9

+11.3

Total

60.4

65.9

+9.1

The quarter saw assets under management increase 9.1% to US$65.9 billion.  The drivers of this increase were net inflows of US$1.2 billion and positive investment performance of US$4.3 billion.

There were net inflows within the overlay, external debt, local currency, corporate debt and multi-strategy themes, whilst modest net outflows occurred in the equities and blended debt themes.

Consistent with Ashmore's long standing investment approach of adding risk during periods of market volatility such as that experienced in our first half, all investment themes have subsequently delivered positive investment performance in what has been a strong third quarter, with equities, external debt and local currency contributing most to the increase in AuM.

The Group continues to perform in line with management's expectations.

 

 

 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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