11 Apr 2013 07:00
Ashmore Group plc
+0700 11 April, 2013
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 2013.
Assets under Management
Actual | Estimated | ||
Theme | 31 December 2012(US$billion) | 31 March 2013(US$billion) | Movement Q3 vs Q2 (%) |
External debt | 15.3 | 14.8 | -3.3 |
Local currency | 13.2 | 17.1 | +29.5 |
Corporate debt | 3.1 | 4.7 | +51.6 |
Blended debt | 16.6 | 17.3 | +4.2 |
Equities | 6.0 | 5.9 | -1.7 |
Alternatives | 2.3 | 2.3 | - |
Multi-strategy | 5.1 | 5.5 | +7.8 |
Overlay / liquidity | 9.4 | 10.1 | +7.4 |
Total | 71.0 | 77.7 | +9.4 |
Assets under management increased 9.4% to US$77.7 billion during the quarter. The factors behind the US$6.7 billion increase were net inflows of US$7.3 billion and adverse investment performance of US$0.6 billion.
Strong net inflows continued in local currency, corporate debt and blended debt. Ongoing success in attracting funds principally from government related clients in emerging markets was augmented by flows from European and US institutions. There were also net inflows to multi-strategy and overlay. Modest net outflows were seen in external debt and equities.
Investment performance during the quarter was slightly positive in equities and corporate debt and modestly negative across the other fixed income themes.
The Group continues to perform in line with management's expectations.
For further information, please contact:
Ashmore Group plc | MHP Communications | ||
ashmore@mhpc.com | |||
Paul Measday | Gay Collins | Martin Forrest | |
Investor Relations | +44 20 3128 8582 | +44 20 3128 8590 | |
+44 20 3077 6278 | +44 7798 626 282 | ||
Ashmore (ASHM)