AUS
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UK
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Highlights
- Ashmore Group reported a $2.5 billion increase in assets under management (AuM) for Q3 2024.
- The company experienced robust returns in Emerging Markets, with fixed income indices rising between 4% and 9% and equities increasing by 8%, indicating a broader recovery in the sector.
- Ashmore saw net inflows in external debt and equities, while local currency and blended debt strategies faced net outflows.
Ashmore Group plc (LSE:ASHM), a specialist asset manager focused on Emerging Markets, has announced an increase in its assets under management (AuM) by $2.5 billion for the quarter ending 30 September 2024. This growth was driven by positive investment performance, which contributed $3.2 billion, partially offset by net outflows of $0.7 billion.
Emerging Markets experienced robust returns during the quarter, with fixed income indices rising between 4% and 9%, and equities surging by 8%. Ashmore’s active investment strategies performed strongly, outpacing benchmarks across both equities and fixed income categories. The group’s performance reflects the broader recovery in Emerging Markets, building on positive returns seen over the past two years.
Although there were net outflows, they represented an improvement compared to previous quarters. This improvement was attributed to increased subscriptions from institutional investors and reduced redemptions. The renewed investor confidence aligns with an increase in risk appetite, likely fueled by a more stable macroeconomic environment.
By investment theme, Ashmore saw net inflows in external debt and equities, while net outflows occurred in local currency and blended debt strategies. Additionally, successful realizations in alternatives funds resulted in a net return of capital to clients. This overall mix reflects shifting investor preferences as they navigate the evolving economic landscape.
