# Ashmore Group deliver strong results on the back of 24% AuM growth

- Link: https://www.directorstalkinterviews.com/ashmore-group-deliver-strong-results-on-the-back-of-24-aum-growth/412792229
- Published: 2019-09-06T07:24:41+01:00
- Author: Amilia Stone

**Ashmore Group plc **(LON:ASHM), the specialist Emerging Markets asset manager,
has today announced its audited results for the year ending 30 June 2019.

**–  Assets under management (AuM) increased 24% to US$91.8 billion**

–   Broad-based net inflows of US$10.7 billion and positive investment performance
of US$6.9 billion

–   Progress made against strategic growth objectives: intermediary retail AuM increased
by 29% and local market platforms developing well

**–  Strong absolute and relative returns delivered by Ashmore’s active investment
processes**

–   90% AuM outperforming benchmarks over one year, 97% over three and five years

–  Business model delivering strong operating and financial performance

–   Adjusted net revenue growth of 11% driven by 17% increase in net management 
fees; performance fees of £2.8 million

–   Adjusted EBITDA increased 10% to £201.8 million; margin maintained at 66%

–   Seed capital profit of £10.7 million; new investments of £108 million and £78
million successfully recycled

–   Profit before tax of £219.9 million, 15% higher than prior year; diluted EPS
increased 18% to 25.0p

–   Recommended final DPS of 12.10p

**–  Diverse range of Emerging Markets well-positioned for growth and future returns**

–   Investable markets growing and diversifying, now 73 emerging countries in the
external debt index

–   GDP growth premium expanding, inflation largely under control, central banks
cutting rates

–   Significant value available; Ashmore processes taking advantage of recent opportunities

> **Commenting on the Group’s results, Mark Coombs, Chief Executive Officer, Ashmore
> Group said**:
> “Ashmore has delivered strong results for the year on the back of 24% AuM growth
> and continued investment outperformance. The backdrop for Emerging Markets remains
> relatively healthy, with economic indicators such as GDP growth and inflation 
> continuing to trend favourably. The main risks relate to the US and the impact
> that its confrontational trade policy and slowing domestic growth will have on
> the broader global economy. In this context, the significant diversity across 
> the Emerging Markets asset classes is important and after recent market weakness
> the valuations available are highly attractive. Ashmore will continue to implement
> its active investment processes to exploit these opportunities for clients, is
> well-positioned to continue to capture investors’ rising allocations to Emerging
> Markets and, through its consistent strategy and proven business model, to create
> value for shareholders.”

**Analysts briefing**

There will be a presentation for analysts at 9.30am on 6 September 2019 at the offices
of UBS at 5 Broadgate, London, EC2M 2QS. A copy of the presentation will be made
available on the Group’s website at www.ashmoregroup.com.

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