Ashmore Group (ASHM)

Sector:

Financials

Index:

FTSE 250

161.10p
   
  • Change Today:
    -3.20p
  • 52 Week High: 232.40
  • 52 Week Low: 161.10
  • Currency: UK Pounds
  • Shares Issued: 712.74m
  • Volume: 2,519,623
  • Market Cap: £1,148.23m
  • RiskGrade: 146
  • Beta: 1.14

Ashmore shares jump on solid AuM growth in first quarter

By Benjamin Chiou

Date: Monday 14 Oct 2024

LONDON (ShareCast) - (Sharecast News) - Shares in Ashmore rose strongly on Monday after the emerging market asset manager reported a 5% increase in assets under management (AuM) in the first quarter, helped by a positive investment performance and increasing investor appetite.
AuM totalled $51.8bn by 30 September, up $2.5bn over the three-month period, comprising a positive investment performance of $3.2bn and net outflows of $0.7bn.

Fixed-income AuM rose 5% to $43.3bn as all categories - external debt, local currency, corporate debt and blended debt - improved due to improvements in the macro environment, Ashmore said.

Meanwhile, AuM in the equities markets was up 9% at $7.3bn, but alternative AuM fell 8% to $1.2bn.

"Emerging markets performed well over the quarter, reflecting robust macroeconomic conditions in emerging countries, the positive impact of lower Fed rates weakening the US dollar, and targeted stimulus by the Chinese authorities," said chief executive Mark Coombs.

"Consequently, investor appetite has been increasing and allocations to emerging markets should grow from the low current levels to capture the value available across equity and fixed income asset classes."

Coombs said that Ashmore was "well-positioned" to benefit from improving momentum in client flows to emerging markets.

The stock was up nearly 7% at 208p by 1122 BST.

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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 161.10p
Change Today -3.20p
% Change -1.95 %
52 Week High 232.40
52 Week Low 161.10
Volume 2,519,623
Shares Issued 712.74m
Market Cap £1,148.23m
Beta 1.14
RiskGrade 146

Ashmore Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
42.92% below the market average42.92% below the market average42.92% below the market average42.92% below the market average42.92% below the market average
58.88% below the sector average58.88% below the sector average58.88% below the sector average58.88% below the sector average58.88% below the sector average
Price Trend
40.8% below the market average40.8% below the market average40.8% below the market average40.8% below the market average40.8% below the market average
42.34% below the sector average42.34% below the sector average42.34% below the sector average42.34% below the sector average42.34% below the sector average
Income
27.40% above the market average27.40% above the market average27.40% above the market average27.40% above the market average27.40% above the market average
1.59% below the sector average1.59% below the sector average1.59% below the sector average1.59% below the sector average1.59% below the sector average
Growth
79.15% below the market average79.15% below the market average79.15% below the market average79.15% below the market average79.15% below the market average
58.42% below the sector average58.42% below the sector average58.42% below the sector average58.42% below the sector average58.42% below the sector average

Ashmore Group Dividends

  Latest Previous
  Final Interim
Ex-Div 07-Nov-24 29-Feb-24
Paid 06-Dec-24 02-Apr-24
Amount 12.10p 4.80p

Trades for 13-Dec-2024

Time Volume / Share Price
16:20 98 @ 162.10p
15:45 2 @ 162.00p
15:45 2 @ 162.00p
15:45 2 @ 162.00p
15:45 2 @ 162.00p

Ashmore Group Key Personnel

CEO Mark Langhorn Coombs

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