RNS Number : 0758C
Ashmore Group PLC
11 April 2013
 



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


 


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