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RNS Number : 6500A  Ashmore Group PLC  16 April 2026

Ashmore Group plc
16 April 2026

THIRD 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 March 2026.

Assets under management

 Investment theme  Actual             Estimated

31 December 2025
31 March 2026

                   (US$ billion)      (US$ billion)
 - External debt   8.4                8.0
 - Local currency  15.7               16.4
 - Corporate debt  5.3                5.1
 - Blended debt    12.5               10.5
 Fixed income      41.9               40.0
 Equities          8.8                8.8
 Alternatives      1.8                1.9
 Total             52.5               50.7

 

AuM decreased by US$1.8 billion (-3%) over the period, comprising negative
investment performance of US$0.9 billion and net outflows of US$0.9 billion.
Positive momentum from 2025, supported by macro fundamentals and an ongoing
capital rotation into emerging markets, continued into the period but was
interrupted by the broadening of the conflict in the Middle East at the end of
February. This resulted in heightened global market volatility and a "wait and
see" approach being adopted by some investors.

Subscription activity remained healthy relative to recent period averages,
delivering a net inflow in both local currency and equities. However, an
institutional redemption from the blended debt theme meant there was a net
outflow from blended debt as well as a small net outflow from external debt.

Emerging markets indices were flat to down 3% over the quarter, with strong
performance in January and February followed by weaker global markets in
March. Active investment management is critical to navigating such periods of
market volatility and Ashmore continues to deliver outperformance for clients
across its equity and fixed income strategies. Compared with 31 December, the
proportion of Group AuM outperforming benchmark indices is consistent in the
near to mid-term and has improved over the longer term.

 

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

"Geopolitical events interrupted some of the macro tailwinds supporting
emerging markets, but the reaction across most asset classes has so far been
manageable and with limited price dislocations. In the near term, investors
globally are taking a more measured stance until there is greater clarity in
the outlook for the duration of the conflict and its implications for factors
such as commodity prices, inflation, interest rates and currency trends.

"As ever, it is paramount to understand the rich diversity of emerging markets
and therefore to manage portfolios actively to deliver investment performance.
Ashmore's specialist approach and long history of investing in emerging
markets, across different cycles and complex geopolitical and macro events,
means it is well positioned to navigate the current environment.

"At the end of the period, Ashmore was delighted to announce the establishment
of a strategic partnership with Japan Post Insurance Co., Ltd. This new
strategic partnership builds on a strong existing relationship in order to
capitalise on the growth opportunity across a broad range of attractive
emerging market asset classes."

 

Notes

Local currency AuM includes US$8.9 billion of AuM managed in overlay/liquidity
strategies (31 December 2025: US$8.5 billion).

 

For further information please contact:

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

Jordan
Griffin
+44 (0)20 3077 6385

 
 
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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