Ashmore Group (ASHM) Trading Update summary

Assets under management

• Total AUM rose by $2.5 billion to $51.8 billion, a 5% increase over the quarter.

• Positive investment performance contributed $3.2 billion, while net outflows totaled $0.7 billion.

• Fixed income AUM increased by 5% to $43.3 billion; equities grew 9% to $7.3 billion.

• Alternatives AUM declined by 8% due to successful realisations and capital returns.

Investment performance and flows

• Emerging Markets delivered strong returns, with fixed income indices up 4–9% and equities up 8%.

• Active investment strategies outperformed across both equities and fixed income.

• Net flows improved, driven by higher institutional subscriptions and reduced redemptions.

• Net inflows were seen in external debt and equities; net outflows in local currency and blended debt.

Market environment and outlook

• Improved macroeconomic conditions and lower Fed rates boosted Emerging Markets performance.

• Investor risk appetite increased, supporting higher allocations to Emerging Markets.

• Ashmore is positioned to benefit as client flows to Emerging Markets gather momentum.