Ashmore Emerging Markets Strategy Phase 3
Strategy phase 3:
Mobilise Emerging Markets capital
Investable capital pools in Emerging Markets are growing
2x faster than in Developed Markets
Ashmore's local offices participate in this growth trend
Strong organic growth opportunity in each market and
further diversification possible
Potential to expand network over time
Financial investment in China's onshore fund industry
Ashmore
Established network of local asset management operations
Middle East
Ashmore Indonesia
Broader fund range including new fixed income and ESG
mandates, record AuM of US$2.8bn (+16% in 6m)
Investment in digital distribution partner (BIB)
Ashmore Saudi Arabia
Strong growth (+49% YoY) including new equity mandates
Ashmore India
Strong market performance (AuM +23% YoY)
Ashmore Colombia
Marketing PE and real estate funds
Ashmore will continue to develop its network of local
businesses, and target larger EM institutions, to
increase proportion of AuM from EM-domiciled clients
from 26% today
Latin America
USD 1.4bn
USD 1.6bn
Global asset management platform
Local asset management presence
Asia
USD 5.0bn
Distribution office
Local platforms: contribution to Group in FY2020/21
Group
Local
vs Group
AUM (USD bn)
94.4
7.2
8%
Average net management fee margin (bps)
Employees*
41
70
+71%
298
101
34%
Adjusted EBITDA
195.7
~£13m
7%
Adjusted EBITDA margin
66%
49%
-26%
* Excludes Ashmore Avenida site-based employees
AuM growth rates refer to H1 2021/22
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