We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Ashmore Group Plc | LSE:ASHM | London | Ordinary Share | GB00B132NW22 | ORD 0.01P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
2.00 | 1.11% | 182.40 | 182.00 | 182.70 | 183.10 | 178.90 | 182.00 | 251,573 | 14:51:06 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Mgmt Invt Offices, Open-end | 193.2M | 83.3M | 0.1169 | 15.55 | 1.3B |
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
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
TSTFLFIDIDLVLII
(END) Dow Jones Newswires
October 14, 2020 02:00 ET (06:00 GMT)
1 Year Ashmore Chart |
1 Month Ashmore Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions