Emerging Markets Investment Overview
Seed capital supports growth
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Seed capital investments support Ashmore's growth:
- Create marketable investment track record
Establish new distribution channels
Provide additional scale to funds for intermediaries
- Support initial development of local asset management platforms
Actively-managed programme with Board-approved processes and
thresholds. In total:
More than £900m invested
~£700m successfully recycled (74% of invested cost)
Seed capital investments create value for shareholders:
10% of Group AuM (~US$9bn) in funds that have been seeded
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>£200m contribution to profit before tax, realised gains of >£100m
Source: Ashmore, Pillar 3 and Group consolidated financial statements
Substantial, liquid financial resources
Ashmore
1,000
900
800
700
600
500
400
300
200
100
0
09
Jun Jun Jun-
10 11
Jun- Jun- Jun- Jun- Jun- Jun-
12 13 14 15 16 17
Jun- Jun- Jun- Jun-
18 19 20 21
Market value
Cumulative seed invested
Cumulative seed redeemed
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