Ashmore Group Plc - Trading Statement

RNS Number:5179S
Ashmore Group PLC
17 April 2008

Ashmore Group plc

+0700 17 April 2008

THIRD QUARTER INTERIM MANAGEMENT STATEMENT

Ashmore Group plc ("Ashmore", the "Group"), a leading specialist emerging
markets asset manager, announces today the following interim management
statement in respect of the period ended 31 March 2008.

Assets under Management ("AuM")

Actual Estimated
Theme AuM AuM Movement
31 December 2007 31 March 2008
(US$billion) (US$billion) (%)

Dollar Debt 23.1 22.4 -3
Local Currency 6.4 7.6 +19
Special situations 5.1 5.4 +6
Equity 1.9 0.9 -53
Total 36.5 36.3 -1

The quarter saw assets under management fall marginally to US$36.3 billion. The
drivers of this were net redemptions of US$0.8 billion caused by rebalancing in
the context of an uncertain global outlook. This was particularly visible in the
Equity theme where certain accounts reduced their overall allocation and there
was reweighting within internally managed multi strategy products from equities
to local currency. The ongoing process of clients being provided with the
opportunity to diversify investment themes continues to be reflected in the
make-up of AuM, particularly in steady growth in the Local Currency theme,
including some switching from Dollar Debt. Meanwhile, investment performance
for the third quarter was a positive US$0.6 billion.

The Group's strategy remains consistent; deliver long term investment
outperformance; generate and diversify net management fee income through the
attraction of net subscriptions across investment themes; and develop the
Ashmore brand and business model.

Trading conditions are in line with management expectations and the Group
remains confident of its prospects for the current year.

For further information, please contact:

Ashmore Group plc +44 (0)20 7557 4100

Graeme Dell, Group Finance Director +44 (0)20 7557 4157

Penrose Financial +44(0)20 7786 4888

Gay Collins +44(0)7798 626282

Ashmore@penrose.co.uk

This information is provided by RNS
The company news service from the London Stock Exchange
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