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14 Oct 2010 07:00
Ashmore Group plc
14 October 2010
First QUARTER INTERIM management statement
Ashmore Group plc ("Ashmore", the "Group"), a leading specialist emerging markets asset manager, announces today the following interim management statement in respect of the period ended 30 September 2010.
Assets under Management
|
|
Actual |
Estimated |
|
|
Theme |
30 June 2010 (US$billion) |
30 September 2010 (US$billion) |
Movement Q1vsQ4 (%) |
|
External debt |
19.4 |
20.5 |
+6 |
|
Local currency |
7.0 |
7.6 |
+9 |
|
Special situations |
3.4 |
3.4 |
- |
|
Equity |
0.2 |
0.2 |
- |
|
Corporate debt |
0.9 |
0.9 |
- |
|
Multi-strategy |
2.0 |
4.9 |
+145 |
|
Other |
2.4 |
4.1 |
+71 |
|
Total |
35.3 |
41.6 |
+18 |
The quarter saw assets under management increase 18% to US$41.6 billion. The drivers of this were net inflows of US$3.4 billion, and positive performance of US$2.9 billion.
The inflows were within the multi-strategy theme, principally from Asian retail investor focused products, and in the "Other" theme in the currency hedging/overlay strategy.
Trading conditions are in line with management expectations and the Group remains confident of its prospects for the current year.
The Group's strategy remains consistent; deliver long term investment outperformance; generate and diversify net management fee income through the attraction of net subscriptions across investment themes; and develop the Ashmore brand and business model.
For further information, please contact:
|
Ashmore Group plc |
MHP Communications ashmore@mhpc.com
|
|
|
Graeme Dell |
Gay Collins |
Jennifer Spivey |
|
Group Finance Director +44 20 3077 6000 |
+44 20 3128 8582 +44 7798 626 282 |
+44 20 3128 8534 |
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