Ashmore Group PLC Trading Statement (9800B)
October 14 2020 - 1:00AM
UK Regulatory
TIDMASHM
RNS Number : 9800B
Ashmore Group PLC
14 October 2020
Ashmore Group plc
14 October 2020
FIRST 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 September 2020.
Assets under management
Actual Estimated
30 September
30 June 2020 2020 Movement
Theme (US$ billion) (US$ billion) (%)
External debt 17.1 17.6 +2.9%
--------------- --------------- ---------
Local currency 18.7 18.7 -
--------------- --------------- ---------
Corporate debt 10.6 11.1 +4.7%
--------------- --------------- ---------
Blended debt 23.3 23.2 -0.4%
--------------- --------------- ---------
Equities 4.6 5.1 +10.9%
--------------- --------------- ---------
Alternatives 1.4 1.4 -
--------------- --------------- ---------
Multi-asset 0.3 0.3 -
--------------- --------------- ---------
Overlay / liquidity 7.6 8.1 +6.6%
--------------- --------------- ---------
Total 83.6 85.5 +2.3%
--------------- --------------- ---------
Assets under management increased by US$1.9 billion over the
period, comprising positive investment performance of US$2.7
billion and net outflows of US$0.8 billion.
The improving quarterly flow trend continued in this period and
reflects diversified gross sales and a further decline in
redemptions. The overlay / liquidity and equities themes delivered
net inflows over the three months, while the net outflows were
primarily in the blended debt theme and to a lesser extent in the
external debt, local currency and corporate debt themes.
Ashmore delivered broad-based positive investment performance
over the three months in the fixed income and equities themes with
the highest absolute performance in the blended debt, corporate
debt, external debt and equities themes. Ashmore's active
investment processes continued to deliver strong outperformance for
the quarter and consequently one year relative performance has
improved further and the longer term track records are also
benefiting.
Mark Coombs, Chief Executive Officer, Ashmore Group plc,
commented:
"The positive trends evident in the quarter to June were
sustained in this period. Markets continued to recover from
oversold levels, Ashmore's active investment processes generated
strong outperformance, momentum in equities is increasing
diversification and client flows continue to stabilise.
"While there are some near-term macro risks that may temper
investors' risk appetite, such as COVID-19 and the US election,
these environments have historically provided good investment
opportunities for Ashmore's active processes to exploit and deliver
outperformance for clients. At the same time, attractive valuations
across equities and fixed income in Emerging Markets underpin
returns notably when compared with those available in Developed
Markets, and support ongoing incremental allocations."
Ashmore's Legal Entity Identifier (LEI) is
549300U3L59WB4YI2X12.
For further information please contact:
Ashmore Group plc
Paul Measday
Investor Relations +44 (0)20 3077 6278
FTI Consulting
Neil Doyle +44 (0)20 3727 1141
Laura Ewart +44 (0)20 3727 1160
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END
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