Ashmore Group Regulatory News (ASHM)

17 Apr 2007 07:02

Ashmore Group PLC17 April 2007 Ashmore Group plc 0700 17 April 2007 QUARTERLY ASSETS UNDER MANAGEMENT STATEMENT Ashmore Group plc ("the "Group"), a leading specialist emerging markets assetmanager, announces today the following assets under management ("AuM") statementin respect of the three month period ending 31 March 2007. Assets under Management Actual Actual MovementTheme AuM AuM 31 Dec 2006 31 Mar 2007 (US$bn) (US$bn) (%) Global US$ 18.3 20.1 10Local Currency 3.8 4.2 11Special Situations 2.9 3.2 10Equity 1.8 1.7 (6)Total 26.8 29.2 9 Net subscriptions during this period totalled US$1.8bn. Trading conditions inthe three months to 31 March 2007 remained satisfactory despite some marketturbulence during the quarter, with global liquidity and strong fundamentals inemerging markets continuing to be positive for the Group's investment themes.The Group has continued to attract net subscriptions and the Group's trackrecord of delivering investment out-performance has been sustained. The Group remains focused on delivering long term investment out-performance andgenerating net management fee income through the attraction of net subscriptionsacross all of its investment themes. Trading conditions continue to be in linewith management expectations and the Group remains confident of its prospectsfor the current financial year. The Group will announce its fourth quarter AuM Statement on 17 July 2007 and itspreliminary results in respect of the financial year to 30 June 2007 at 0700hours on 12 September 2007. For further information, please contact: Ashmore Group plc +44 20 7557 4100Jim Pettigrew +44 20 7557 4157Chief Operating and Financial Officerjim.pettigrew@ashmoregroup.com Penrose Financial +44 20 7786 4888Gay Collins +44 7798 626 282gayc@penrose.co.uk This information is provided by RNS The company news service from the London Stock Exchange