14th Jul 2025 09:06
(Alliance News) - Ashmore Group PLC on Monday reported an increase in assets under management during the final quarter of the financial year, amid strength in emerging markets and lower redemptions against a backdrop of trade and geopolitical tensions.
The London-based investment manager said assets under management increased by USD1.4 billion, or 3.0%, to USD47.6 billion at the end of June from USD46.2 billion at the end of March.
This was made up of USD2.2 billion from a positive investment performance against net outflows of USD800 million.
Ashmore said net flows improved in the period with "significantly lower" redemptions. Subscription levels were consistent, while risk appetite "generally remains subdued" given the backdrop of trade tensions and geopolitical uncertainty.
It said emerging markets indices delivered positive returns between 2% and 12% over the three months, outperforming "many developed markets".
"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," said Chief Executive Officer Mark Coombs.
"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."
Ashmore will release its full-year results on September 5.
Shares in Ashmore were up 1.2% at 169.80 pence in London on Monday morning.
By Michael Hennessey, Alliance News reporter
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