Ashmore Group Plc ASHM Interim Management Statement

  Ashmore Group Plc (ASHM) - Interim Management Statement

RNS Number : 1717B
Ashmore Group PLC
12 April 2012




Ashmore Group plc

+0700 12 April, 2012

THIRD QUARTER INTERIM 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 31 March 2012.

Assets under Management 

                          Actual    Estimated
Theme                31 December     31 March Movement

                            2011         2012   Q3vsQ2

                    (US$billion) (US$billion)      (%)
External debt               13.6         15.1    +11.0
Local currency               9.2         10.3    +12.0
Corporate debt               1.9          2.3    +21.1
Blended debt                12.0         12.3     +2.5
Equities                     7.0          7.8    +11.4
Alternatives                 2.6          2.7     +3.8
Multi-strategy               6.1          6.5     +6.6
Overlay / Liquidity          8.0          8.9    +11.3
Total                       60.4         65.9     +9.1

The quarter saw assets under management increase 9.1% to US$65.9 billion. The
drivers of this increase were net inflows of US$1.2 billion and positive
investment performance of US$4.3 billion.

There were net inflows within the overlay, external debt, local currency,
corporate debt and multi-strategy themes, whilst modest net outflows occurred
in the equities and blended debt themes.

Consistent with Ashmore's long standing investment approach of adding risk
during periods of market volatility such as that experienced in our first
half, all investment themes have subsequently delivered positive investment
performance in what has been a strong third quarter, with equities, external
debt and local currency contributing most to the increase in AuM.

The Group continues to perform in line with management's expectations.





For further information, please contact:

Ashmore Group plc MHP Communications

                                           ashmore@mhpc.com
Graeme Dell                                Gay Collins      Martin Forrest
Group Finance Director                     +44 20 3128 8582 +44 20 3128 8590

+44 20 3077 6000                           +44 7798 626 282



                     This information is provided by RNS
           The company news service from the London Stock Exchange

END


IMSVFLFFLZFFBBL -0- Apr/12/2012 06:00 GMT
 
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