Ashmore Emerging Markets Strategy Phase 3
Seed capital
Total value of seed capital programme ~£345 million
Seed capital movement (£m)
336.8
Market value of £334.8 million (30 June 2021: £336.8 million)
-
Undrawn commitments of £8.5 million
P&L gain of £25.2 million (H1 2020/21: £49.3 million),
predominantly unrealised at period end
.
Diversified portfolio
- Increased valuations for alternatives investments more than
offset lower mark-to-market on liquid themes
6.1
Ashmore
40.1
32.0
334.8
30 June 2021
Investments
Realisations
Market movement
31 December
2021
.
•
New investments of £6.1 million to support growth in local asset
management platforms
Redemptions of £40.1 million to match client flows into equity funds
and distributions following realisations in alternatives theme
Seed capital has supported funds representing -10% of Group
AuM (US$9 billion)
Diversified portfolio (% of market value)
42%
4%
8%
■External debt
■Local currency
13%
Corporate debt
26%
7%
■Blended debt
■ Equities
■Alternatives
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