Interim Management Statement

Released : 11/10/2012

RNS Number : 4278O
Ashmore Group PLC
11 October 2012
 



Ashmore Group plc

+0700 11 October, 2012                              

FIRST 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 30 September 2012.

Assets under Management  


Actual

Estimated


Theme

30 June

2012

(US$billion)

30 September

2012

(US$billion)

Movement

Q1vsQ4

(%)

External debt

15.9

16.4

+3.1

Local currency

10.0

11.4

+14.0

Corporate debt

2.4

2.3

-4.2

Blended debt

12.4

14.2

+14.5

Equities

6.2

6.4

+3.2

Alternatives

2.6

2.7

+3.8

Multi-strategy

5.6

5.2

-7.1

Overlay / Liquidity

8.6

9.4

+9.3

Total

63.7

68.0

+6.8

The quarter saw assets under management increase 6.8% to US$68.0 billion.  The drivers of this increase were positive investment performance of US$3.7 billion and net inflows of US$0.6 billion.

The principal net inflows were within the blended debt and local currency themes, with the largest inflows from further Asian and Middle East government related sources in line with recent experience. Net outflows were experienced in the multi-strategy, external debt, equities, and corporate debt themes.

Investment performance was positive across all investment themes.

The Group is continuing 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

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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