Ashmore Group Reports Q3 AuM Decline Amid Market Volatility
Why we think this is bad
The trading update from Ashmore Group indicates a 5% decline in total assets under management (AuM) during the quarter, driven by net outflows of 3.9%. While the company's investment performance was positive, the RNS highlights several challenges facing the business, including increased market volatility, trade tensions, and a risk-off response from some investors. These factors suggest a negative sentiment towards the company's near-term outlook.
Key Points
- Total AuM declined 5% to $46.2 billion
- Net outflows of $3.9 billion outweighed positive investment performance of $1.3 billion
- Challenging market conditions, including increased volatility and trade tensions, impacted the business
Summary
Ashmore Group, the specialist Emerging Markets asset manager, reported a 5% decline in total assets under management (AuM) to $46.2 billion in the quarter ended 31 March 2025. This was driven by net outflows of $3.9 billion, partially offset by positive investment performance of $1.3 billion. The company highlighted increased market volatility, trade tensions, and a risk-off response from some investors as key challenges during the period.