Emerging Markets Investment Overview

• • Investment performance (1/2) One year: 39% outperforming 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% External Local Corporate Blended Glob Group Jun'21: 96% Ashmore 100% Three years: 44% outperforming 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 100% Five years: 54% outperforming 90% 80% 70% 60% 50% 40% 30% External Local Corporate Blended 20% Globo Group 10% 0% Outperforming Jun'21: 57% Underperforming External Local Corporate Blended Fa/Gallo al So Group Jun'21: 79% • 2021 a more challenging year for EM than 2020 Similarly, 2016 was a strong absolute and relative return year, as Fed raised rates and EM outperformed Strong relative performance in local currency, equities, IG (external, corporate & blended debt) and corporate debt over longer term Significant value in markets and portfolios, with recovery returns available in oversold positions, particularly HY, and asset prices not yet reflecting supportive macro outlook AuM outperforming versus benchmark on gross annualised basis Equities bars split between global (LHS) and local products (RHS) See Appendix for related disclosures 10

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