Emerging Markets Strategic Initiatives

Emerging Markets Diversification Ashmore - No country is more than 5% of EMBI GD - GBI-EM GD country weights capped at 10% • Diverse equity & fixed income asset classes representing more than 70 countries Large and diverse benchmark indices Index Value Countries Issuers (US$bn) EMBI GD 1,373 72 171 GBI-EM GD 2,559 20 20 CEMBI BD 1,386 60 832 MSCI EM 7,878 27 1,418 • • The majority of assets are local currency denominated (bonds and equities), owned & traded in domestic markets Investment grade issuance increasingly relevant in external debt markets - 50% of EMBI GD & 55% of CEMBI BD Wide range of returns available (12m to Sep 2021) . Fundamentals underpin long-term returns, but sentiment / DM factors can unduly affect prices in short term Active management can exploit inefficiencies Ashmore's active investment philosophy reflects the huge diversity of opportunities available across Emerging Markets Invested in c.80 countries Source: JP Morgan, MSCI As at 30 September 2021 +51% EMBI GD +4% -10% 22

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