# Ashmore Group Plc Q2 AuM Rises 3% to US$47.6 billion

- Link: https://www.directorstalkinterviews.com/ashmore-group-plc-q2-aum-rises-3-to-us47-6-billion/4121207326
- Published: 2025-07-14T08:10:31+01:00
- Author: Amilia Stone

**Ashmore Group plc** (LON:ASHM), the specialist Emerging Markets asset manager,
has announced the following update to its assets under management in respect of 
the quarter ended 30 June 2025.

**Assets under management**

| Theme | Actual
31 March 2025(US$ billion) | Estimated30 June 2025(US$ billion) | Movement(%) | 
| – External debt | 7.2 | 7.4 | +3% | 
| – Local currency | 14.0 | 14.2 | +1% | 
| – Corporate debt | 4.9 | 5.2 | +6% | 
| – Blended debt | 11.7 | 11.7 | – | 
| Fixed income | 37.8 | 38.5 | +2% | 
| Equities | 6.8 | 7.5 | +10% | 
| Alternatives | 1.6 | 1.6 | – | 
| Total | 46.2 | 47.6 | +3% |

Assets under management increased by US$1.4 billion over the period, comprising 
positive investment performance of US$2.2 billion and net outflows of US$0.8 billion.

Net flows improved from the prior quarter with significantly lower redemptions, 
against a backdrop of continuing trade tensions and geopolitical uncertainty. Subscription
levels were consistent and investors’ risk appetite generally remains subdued given
macro events. New equity mandates were funded in the period, an impact debt strategy
was launched and Ashmore opened a new office in Qatar. Overall, net flows were positive
in equities, flat in external debt and alternatives, and there were net outflows
in the blended debt, local currency and corporate debt themes.

Emerging markets indices delivered positive returns of between +2% and +12% over
the three months, outperforming many developed markets and reflecting robust underlying
fundamentals together with the impact of US dollar weakness that underpinned higher
returns particularly in local currency and equities. Ashmore continues to deliver
outperformance for clients across a broad range of strategies and the proportion
of Group AuM outperforming benchmarks over one, three and five years has improved
since the start of the calendar year.

> **Mark Coombs, Chief Executive Officer, Ashmore Group plc, commented:**
> “Emerging markets continue to outperform developed world equity and bond markets,
> in part due to the ongoing weakness in the US dollar. Consequently, investors 
> are beginning to rebalance portfolios away from heavily overweight US positions
> towards more attractively valued asset classes, including those in EM. While recent
> EM mutual fund inflows have been concentrated in exchange traded funds, previously
> this has been a precursor to broader institutional behaviour.
> “Ashmore’s diversified product range and delivery of investment outperformance
> for clients means it is well-positioned to participate in the reallocation opportunity,
> as investors move back up to target weights and then address the structural underweights
> compared with EM’s representation in global indices.”

**Notes**

Local currency AuM includes US$7.9 billion of AuM managed in overlay/liquidity strategies(
31 March 2025: US$7.9 billion).

For the translation of US dollar-denominated balance sheet items, the GBP:USD exchange
rate was 1.3704 at 30 June 2025 (30 June 2024: 1.2641). For the translation of US
dollar management fees, the average GBP:USD exchange rate for the financial year
was 1.2970 (FY2024: 1.2609).

Ashmore Group will announce its results in respect of the year ending 30 June 2025
on 5 September 2025.

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