REG-Ashoka WhiteOak Emerging Markets Trust Plc: Half-Year Report and Unaudited Financial Statements

Ashoka WhiteOak Emerging Markets TrustAnnouncement

Yesterday 07:02

12 December 2025

 

Ashoka WhiteOak Emerging Markets Trust plc

(the `Company')

 

Half Year Report and Unaudited Financial Statements

For the six months ended 30 September 2025

 

Ashoka WhiteOak Emerging Markets Trust plc, the alpha performance driven
global emerging markets equity investment trust, is pleased to report the
Company's Half Year Report for the six months ended 30 September 2025 (the
`period').

 

The Half Year Report will also shortly be available on the Company's website
at                                  https://www.awemtrust.com/reports-account 
                              and on the FCA's National Storage Mechanism     
                           
https://data.fca.org.uk/#/nsm/nationalstoragemechanism                        
      . Further, the Half Year Report is linked in this announcement (        
            Half-Year Report and Unaudited Financial Statements.pdf
(https://mb.cision.com/Public/23035/4280755/9420c14e1d3669f3.pdf)).

 

Key highlights:

 
*            The Company's NAV recorded a total return of 19.9% for the
period, outperforming the MSCI EM (GBP) Index (the `Benchmark') benchmark
return of 18.8%.          
*            Since inception in 2023, the Company's NAV per share has grown by
46% compared to 36% for the MSCI EM (GBP) index benchmark.          
*            During the period, the Company's share price recorded a total
return of 18.8%. Since IPO the share price has risen from 100 pence to 145.5
pence as at 30 September 2025.           
*            Total assets under management have grown 86.1% from £30.5
million at the Company's IPO to £56.8 million as at 30 September 2025, and
the OCR has thus declined during this period.          
*            During the period, the Company issued 3,275,000 new Ordinary
Shares via 19 individual tap issuances, representing 9.4% of shares in issue
at the beginning of the Financial Year.
 

 

Martin Shenfield, Chair of the Company, commented:

 

"We are pleased that once again the Company outperformed its benchmark for
this six month period in a strong period of absolute and relative performance,
building on the Company's excellent track record since IPO. Furthermore, we
are pleased to have also continued to grow the Company through share issuance
to investors at a premium in response to continued robust investor demand.

 

"Meanwhile, the backdrop for emerging market equities continues to be
encouraging, with global asset allocation likely to continue favouring
exposure to this asset class and thus setting a supportive backdrop for the
Investment Manager's bottom up stock picking skills."

 

- Ends -

 

For further information:

 

Company Secretary, JTC

 AWEMT.Cosec@jtcgroup.com  +44 (0) 20 7409 0181  
                                                 

Ashoka WhiteOak Capital Pte Ltd.

 Prashant Khemka     Via Burson Buchanan  
 Fadrique Balmaseda                       
 Ben Hayward                              

 

Marex

 Mark Thompson  +44 (0) 20 7016 6711  
 Eddie Nissen   +44 (0) 20 7016 6713  

 

Burson Buchanan

 Henry Harrison-Topham  +44 (0) 20 7466 5000      
 Henry Wilson           AWEM@buchanancomms.co.uk  
                                                  

 

About                                          Ashoka WhiteOak Emerging
Markets Trust plc

 

Ashoka WhiteOak Emerging Markets Trust plc (AWEMT) is a UK investment trust
seeking to achieve long-term capital appreciation primarily through investing
in a multi-cap portfolio of equities that provide exposure to global emerging
markets. Advised by Ashoka WhiteOak Capital Pte. Ltd, founded by Prashant
Khemka with leading Emerging Markets investment experience.                  
   White Oak Capital Group has delivered an exceptional track record for its
other strategies and has £5.7 billion in assets under management or advisory 
        1          . Analytical approach integral to disciplined research
process underpinned by proprietary frameworks OpcoFinco™ for valuation and
ABLEx™ for ESG research.                      The team at WhiteOak believes
that emerging markets present potential for higher alpha. EM markets remain
under-researched and inefficient. AWEM leverages WhiteOak's investment
approach to capture the higher alpha potential in these markets.             
        No fixed management fee. Manager remuneration is aligned with alpha
generation and hence shareholders' interest.            The Investment
Manager is remunerated solely as a function of outperformance over the
benchmark.

 

1                     Data as at 31 October 2025. AUM data refers to
aggregate assets under management or investment advisory for WhiteOak Group.

 Half-Year Report and Unaudited Financial Statements  (https://mb.cision.com/Public/23035/4280755/9420c14e1d3669f3.pdf)  



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