Ashmore Group (ASHM)

Sector:

Financials

Index:

FTSE 250

495.60p
   
  • Change Today:
    -12.40p
  • 52 Week High: 542.50
  • 52 Week Low: 342.60
  • Currency: UK Pounds
  • Shares Issued: 712.74m
  • Volume: 1,207,320
  • Market Cap: £3,532.34m
  • RiskGrade: 132
  • Beta: 1.26

Investor appetite for emerging markets helps bolster Ashmore

By Josh White

Date: Monday 14 Oct 2019

LONDON (ShareCast) - (Sharecast News) - Emerging markets-focussed asset management company Ashmore Group said its assets under management were "broadly flat" for the first quarter, reflecting net inflows of $2.4bn (£1.91bn), offset by negative investment performance of $2.3bn.
The FTSE 250 firm said its external debt assets rose 2.6% in the three month period ended 30 September to an estimated $19.6bn, while local currency assets were stable at $19.7bn and corporate debt assets were down 3.2% at $15bn.

Blended debt assets were 0.4% lower at $24.2bn, equities assets were 4.5% higher at $4.6bn, and alternatives were flat at $1.6bn.

Ashmore said its multi-asset theme saw a 20% fall to $0.4bn, while overlay and liquidity was 1.5% higher at $6.8bn, with the company's total assets under management managing gains of 0.1% for the quarter to $91.9bn.

The company said its clients continued to raise their allocations to emerging markets, with the combination of additions to existing funds and new client mandates delivering "broad-based flows" during the period, with net inflows in every investment theme except alternatives, which was flat, and a small net outflow in multi-asset.

It noted the net flows were highest in blended debt, external debt, local currency, equities and corporate debt, with a small net inflow in the overlay and liquidity theme.

A "wide range" of institutional clients reportedly accounted for the net inflow and, in aggregate, there was a small net outflow from intermediary retail clients.

The relative strength of the US dollar over the period affected local currency and equities returns, and the rally in the US Treasury market provided support to external debt pricing.

Absolute performance was negative in the corporate debt, blended debt, local currency and equities themes and, to a lesser extent, in the external debt theme, the board said.

Relative investment performance remained "strong" over three and five years, but had weakened over one year as a result of recent market volatility and Ashmore's investment committees taking advantage of lower prices to add risk selectively to portfolios in the quarter.

"This quarter continued to see broad-based demand for the attractive risk-adjusted returns available across emerging markets, and the delivery of continued net inflows demonstrates both the diversified nature of Ashmore's client base and the breadth of its product range," said chief executive officer Mark Coombs.

"The price volatility over the summer has provided Ashmore's active processes with attractive investment opportunities to underpin long-term outperformance for clients.

"While the global macro environment remains uncertain, the low yields and relatively high equity valuations in developed markets mean investors' returns are enhanced by increasing their allocations to the diverse and resilient range of emerging economies in both fixed income and equities."

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Ashmore Group Market Data

Currency UK Pounds
Share Price 495.60p
Change Today -12.40p
% Change -2.44 %
52 Week High 542.50
52 Week Low 342.60
Volume 1,207,320
Shares Issued 712.74m
Market Cap £3,532.34m
Beta 1.26
RiskGrade 132

Ashmore Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
80.88% below the market average80.88% below the market average80.88% below the market average80.88% below the market average80.88% below the market average
87.05% below the sector average87.05% below the sector average87.05% below the sector average87.05% below the sector average87.05% below the sector average
Price Trend
88.43% above the market average88.43% above the market average88.43% above the market average88.43% above the market average88.43% above the market average
89.12% above the sector average89.12% above the sector average89.12% above the sector average89.12% above the sector average89.12% above the sector average
Income
3.17% above the market average3.17% above the market average3.17% above the market average3.17% above the market average3.17% above the market average
27.71% below the sector average27.71% below the sector average27.71% below the sector average27.71% below the sector average27.71% below the sector average
Growth
1.05% above the market average1.05% above the market average1.05% above the market average1.05% above the market average1.05% above the market average
34.43% below the sector average34.43% below the sector average34.43% below the sector average34.43% below the sector average34.43% below the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 9
Sell 0
Strong Sell 2
Total 15
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Ashmore Group Dividends

  Latest Previous
  Final Final
Ex-Div 31-Oct-19 01-Nov-18
Paid 06-Dec-19 07-Dec-18
Amount 12.10p 12.10p

Trades for 13-Nov-2019

Time Volume / Share Price
13:32 346,081 @ 509.60p
16:35 614,552 @ 495.60p
16:29 661 @ 495.40p
16:29 2 @ 495.40p
16:29 87 @ 495.40p

Ashmore Group Key Personnel

CEO Mark Langhorn Coombs
Chair David Bennett

Top of Page