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RNS Number : 8120Q  Ashmore Group PLC  14 July 2025

Ashmore Group plc

14 July 2025

FOURTH QUARTER ASSETS UNDER MANAGEMENT STATEMENT

Ashmore Group plc ("Ashmore", "the Group"), the specialist Emerging Markets
asset manager, announces the following update to its assets under management
("AuM") in respect of the quarter ended 30 June 2025.

Assets under management

 Theme             Actual          Estimated       Movement

31 March 2025
30 June 2025
(%)

                   (US$ billion)   (US$ billion)
 - External debt   7.2             7.4             +3%
 - Local currency  14.0            14.2            +1%
 - Corporate debt  4.9             5.2             +6%
 - Blended debt    11.7            11.7            -
 Fixed income      37.8            38.5            +2%
 Equities          6.8             7.5             +10%
 Alternatives      1.6             1.6             -
 Total             46.2            47.6            +3%

 

Assets under management increased by US$1.4 billion over the period,
comprising positive investment performance of US$2.2 billion and net outflows
of US$0.8 billion.

Net flows improved from the prior quarter with significantly lower
redemptions, against a backdrop of continuing trade tensions and geopolitical
uncertainty. Subscription levels were consistent and investors' risk appetite
generally remains subdued given macro events. New equity mandates were funded
in the period, an impact debt strategy was launched and Ashmore opened a new
office in Qatar. Overall, net flows were positive in equities, flat in
external debt and alternatives, and there were net outflows in the blended
debt, local currency and corporate debt themes.

Emerging markets indices delivered positive returns of between +2% and +12%
over the three months, outperforming many developed markets and reflecting
robust underlying fundamentals together with the impact of US dollar weakness
that underpinned higher returns particularly in local currency and equities.
Ashmore continues to deliver outperformance for clients across a broad range
of strategies and the proportion of Group AuM outperforming benchmarks over
one, three and five years has improved since the start of the calendar year.

 

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

"Emerging markets continue to outperform developed world equity and bond
markets, in part due to the ongoing weakness in the US dollar. Consequently,
investors are beginning to rebalance portfolios away from heavily overweight
US positions towards more attractively valued asset classes, including those
in EM. While recent EM mutual fund inflows have been concentrated in exchange
traded funds, previously this has been a precursor to broader institutional
behaviour.

"Ashmore's diversified product range and delivery of investment outperformance
for clients means it is well-positioned to participate in the reallocation
opportunity, as investors move back up to target weights and then address the
structural underweights compared with EM's representation in global indices."

 

 

Notes

Local currency AuM includes US$7.9 billion of AuM managed in overlay/liquidity
strategies (31 March 2025: US$7.9 billion).

For the translation of US dollar-denominated balance sheet items, the GBP:USD
exchange rate was 1.3704 at 30 June 2025 (30 June 2024: 1.2641). For the
translation of US dollar management fees, the average GBP:USD exchange rate
for the financial year was 1.2970 (FY2024: 1.2609).

Ashmore will announce its results in respect of the year ending 30 June 2025
on 5 September 2025.

 

For further information please contact:

Ashmore Group plc

Paul Measday

Investor Relations                   +44 (0)20 3077 6278

 
ir@ashmoregroup.com

Cardew Group

Tom Allison                              +44
(0)7789 998020

Will Baldwin-Charles               +44 (0)7834 524833

 
ashmore@cardewgroup.com

 

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