Emerging Markets Strategic Initiatives

Strategy phase 2: Diversify assets under management Ashmore's established investment processes and broad distribution capabilities deliver diversified AuM growth AuM development (USD bn) 2003 100 90 80 70 60 50 40 30 20 • Ng 10 2004 2005 ■External debt 2006 2007 2008 Local currency Corporate debt 2013 Focus on further diversification by growing: Equities Intermediary retail IG fixed income 2014 2015- 2016 2017- Blended debt ■Equities ■Alternatives ■Multi-asset Q1'22 Asia Pacific 28% Data as at 30 June 2021 unless stated Overlay/liquidity included in local currency prior to 2021 UK 6% 6 AuM by client location Middle East & Africa 17% Europe ex UK 29% Americas 20% Ashmore

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