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Ashmore Group PLC on Friday reported a decline in assets under management, though the emerging markets-focused firm said net outflows eased in the financial year just ended. The emerging markets-focused asset manager said net outflows totalled $5.8 billion in the year to June 30, abating from $8.5 billion reported a year ago. Ashmore put this down to a fall in redemptions. Gross redemptions totalled $12.3 billion, reduced from $15.7 billion the prior year. Subscriptions edged slightly lower to $6.5 billion from $7.2 billion. Assets under management declined 3% to $47.6 billion at June 30 from $49.3 billion 12 months earlier. The net outflow was slightly offset by a $4.1 billion boost from a ‘positive investment performance’. ‘Ashmore’s strategy is aligned with the opportunities in emerging markets and the consistent business model mitigates the impact of market cycles over the longer term. This year, the Group has delivered net inflows into equities, local offices and IG strategies, and continued to invest in initiatives to diversify and to deliver future growth, including using the strength of its balance sheet to increase seed capital investments and expanding the local office network in Latin America and the Middle East,’ Chief Executive Officer Mark Coombs said. ‘Ashmore’s active investment processes are delivering outperformance for clients against a positive backdrop for emerging markets, and its distribution team is active around the world with both existing clients and potential investors, emphasising the need to deploy more capital to capture the favourable trends evident across emerging markets. Ashmore is therefore well-positioned to capture flows as investors shift allocations away from the US, including to the emerging markets that offer superior growth and higher risk-adjusted returns over the medium term.’ Ashmore’s pretax profit declined 15% on-year to £108.6 million from £128.1 million. Revenue fell 24% to £144.4 million from £189.0 million. Hitting its earnings, performance fees earned more than halved to £10.2 million from £22.7 million while management fees declined 19% to £131.7 million from £162.6 million. Ashmore maintained its final dividend at 12.1 pence per share, meaning an unchanged total annual dividend at 16.9p. Looking ahead, it said: ‘In the context of geopolitical uncertainty and heightened asset price volatility, active management remains critical to identify and act upon attractive valuations in order to deliver longer-term outperformance. Ashmore is well-positioned to navigate the current environment for its clients and to facilitate the investment of capital flows as portfolios are rebalanced.’ Copyright 2025 Alliance News Ltd. All Rights Reserved.
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