Ashmore Group (LSE:ASHM) said assets under management fell 3% to an estimated $50.7 billion in the quarter ended 31 March 2026, reflecting a combination of negative investment performance and net outflows. Within its portfolio, fixed income strategies—particularly blended and external debt—saw declines, while local currency strategies and equities attracted net inflows despite challenging market conditions.
The company noted that emerging markets were impacted by heightened volatility in the expanding conflict in the Middle East, which led some investors to hold back on new allocations. Nonetheless, Ashmore reported continued outperformance against benchmarks across both its equity and fixed income strategies. It also announced a new strategic partnership with Japan Post Insurance, aimed at broadening investor access to a wider range of emerging market asset classes.
Looking ahead, the firm’s outlook is supported by strong profitability and a notably low-leverage balance sheet, alongside favourable valuation metrics including a dividend yield of 6.81% and a price-to-earnings ratio of 14.343. Positive share price momentum also provides support. However, these strengths are partially offset by declining revenue, weaker cash conversion, and uncertainties around the timing of performance fees and ongoing fee pressure.
More about Ashmore Group PLC
Ashmore Group plc is a specialist asset manager focused on emerging markets, offering investment strategies across fixed income, equities, and alternative assets. The firm manages portfolios spanning external debt, local currency debt, corporate credit, and blended strategies, serving institutional and global investors seeking exposure to growth opportunities in developing economies.
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