TIDMASHM

RNS Number : 5473M

Ashmore Group PLC

14 October 2016

Ashmore Group plc

+0700 14 October 2016

FIRST 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 30 September 2016.

Assets under management

 
                           Actual        Estimated    Movement 
                                      30 September 
                     30 June 2016             2016    Q1 vs Q4 
 Theme              (US$ billion)    (US$ billion)         (%) 
----------------  ---------------  ---------------  ---------- 
 External debt               11.7             12.2         +4% 
----------------  ---------------  ---------------  ---------- 
 Local currency              13.3             13.7         +3% 
----------------  ---------------  ---------------  ---------- 
 Corporate 
  debt                        5.0              5.3         +6% 
----------------  ---------------  ---------------  ---------- 
 Blended debt                13.7             14.5         +6% 
----------------  ---------------  ---------------  ---------- 
 Equities                     3.1              3.0         -3% 
----------------  ---------------  ---------------  ---------- 
 Alternatives                 1.5              1.5           - 
----------------  ---------------  ---------------  ---------- 
 Multi-asset                  1.2              1.2           - 
----------------  ---------------  ---------------  ---------- 
 Overlay / 
  liquidity                   3.1              3.2         +3% 
----------------  ---------------  ---------------  ---------- 
 Total                       52.6             54.6         +4% 
----------------  ---------------  ---------------  ----------

Assets under management increased by US$2.0 billion during the period, driven solely by positive investment performance. Net flows were flat for the three months.

The neutral net flow for the quarter results from small net inflows into the blended debt, local currency, corporate debt and overlay/liquidity themes, offset by equally small net outflows from equities, external debt, and multi-asset. Flows were flat in the alternatives theme during the period.

Positive investment performance was delivered across the liquid asset classes of blended debt, external debt, local currency, corporate debt, equities and multi-asset, reflecting the ongoing rally in Emerging Markets and Ashmore's strong relative performance. Performance was neutral in alternatives and overlay/liquidity.

Mark Coombs, Chief Executive Officer, Ashmore Group plc, commented:

"The continued improvement in net flows is encouraging in what is typically a quiet quarter. The stability of Emerging Markets over recent months contrasts with the volatility experienced during the same period in 2015 and 2014. The ongoing recovery in Emerging Markets asset prices through 2016 and the attractive returns on offer across a diverse range of investment themes are causing investors to reconsider their underweight positions. This inevitably takes time, but Ashmore's consistent investment processes are delivering strong outperformance across fixed income and equities, putting Ashmore in a good position to capture allocations."

For further information please contact:

Ashmore Group plc

Paul Measday

   Investor Relations                   +44 (0)20 3077 6278

FTI Consulting

   Andrew Walton                       +44 (0)20 3727 1514 
   Kit Dunford                              +44 (0)20 3727 1143

This information is provided by RNS

The company news service from the London Stock Exchange

END

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