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RNS Number : 9489O  Ashmore Group PLC  15 January 2026

Ashmore Group plc
15 January 2026

SECOND 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 ending 31 December 2025.

Assets under management

 Investment theme  Actual              Estimated

30 September 2025
31 December 2025

                   (US$ billion)       (US$ billion)
 - External debt   7.2                 8.4
 - Local currency  14.4                15.7
 - Corporate debt  5.4                 5.3
 - Blended debt    12.1                12.5
 Fixed income      39.1                41.9
 Equities          7.8                 8.8
 Alternatives      1.8                 1.8
 Total             48.7                52.5

 

AuM increased by US$3.8 billion (+8%) over the period, comprising net inflows
of US$2.6 billion and positive investment performance of US$1.2 billion.

Net inflows were delivered across fixed income and equities, with notable
additional allocations in external debt and local currency, and new
institutional mandates funding in equities and blended debt. The inflows
reflect rising investor interest across the outperforming emerging markets in
2025, with allocators increasingly recognising the superior investment returns
available in EM and the inherent risks of maintaining portfolios that have
become heavily weighted to the US.

Emerging markets indices returned between 1% and 4% over the quarter, driven
by continued economic performance, attractive valuations, stronger currencies
and spread tightening.

Over the 2025 calendar year, EM fixed income indices returned between 9% and
19%, outperforming the 8% return for DM bonds, and EM equity indices increased
by between 19% and 35%, comfortably outperforming the S&P500 return of
16%. Against this backdrop, Ashmore's active management continues to deliver
alpha for clients across its equity and fixed income strategies.

 

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

"Ashmore delivered good AuM growth over the quarter with meaningful net
inflows across fixed income and equities investment themes, in both global and
local businesses, and continued strong investment performance for clients. It
is clear that investors are acting upon the attractive risk/reward
opportunities available across emerging markets and are benefiting from the
continued outperformance of these markets.

"The near-term outlook for emerging countries is underpinned by continued
superior economic growth compared with the developed world, relatively low or
falling inflation and central banks cutting interest rates in many countries,
the potential for market-friendly election outcomes in the coming year, and
the benefits of a weaker US dollar. This positive environment, together with
the pressure on overweight US positions, supports additional allocations to
the emerging markets asset classes and an increasingly complex geopolitical
situation underpins the need for active investment management to deliver
outperformance."

 

Notes

Local currency AuM includes US$8.5 billion of AuM managed in overlay/liquidity
strategies (30 September 2025: US$7.8 billion).

During the quarter, assets totalling US$0.1 billion were reclassified from
blended debt to external debt because of changes to investment guidelines and
benchmarks.

The GBP:USD exchange rate was 1.3451 as at 31 December 2025 (30 June 2025:
1.3704) and the average GBP:USD exchange rate for the first half of the
financial year was 1.3393 (H1 2025: 1.2876).

Ashmore will announce its interim results in respect of the six months ending
31 December 2025 on 12 February 2026.

 

For further information please contact:

Ashmore Group plc
Paul
Measday
+44 (0)20 3077 6278

Investor Relations
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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