Ashmore Group (ASHM) Trading Update summary

Assets under management update

• Total assets under management rose by $1.1 billion (+2%) to $48.7 billion as of 30 September 2025.

• Positive investment performance contributed $1.4 billion, while net outflows totaled $0.3 billion.

• Net inflows were recorded in local currency, equity, and alternatives, with a net outflow in external debt and flat flows in blended and corporate debt.

• Globally-managed strategies saw aggregate net inflows, reflecting improved investor sentiment.

Market performance and strategy

• Emerging markets posted strong returns, with fixed income indices up 3–5% and main equity indices up around 10%.

• Active management generated outperformance for clients in both fixed income and equity strategies.

• Focus on scaling equities and alternatives is driving net inflows in these themes.

• The group is positioned to benefit from investors reallocating away from US assets toward emerging markets.