Emerging Markets Strategic Initiatives
Financial results
Seed capital
•
Total seed capital exposure of ~£345 million
market value £336.8 million (30 June 2020: £238.4 million)
undrawn commitments of £8.9 million
Net P&L gain of £92.5 million (FY2019/20: £7.6 million loss), of
which £84.0 million unrealised
Positive market appreciation benefited liquid strategies and
consequent valuations of assets in alternatives
Equities +£35 million gain
Alternatives +£48 million gain
Ashmore
Seed capital movement (market value, £m)
238.4
134.6
30 June 2020
Investments
106.0
69.8
336.8
Realisations
Market movement 30 June 2021
Diversified across themes (% of market value)
•
New investments of £134.6 million
distribution focus: equities and Latin America
new funds: ESG and investment grade credit
35%
Redemptions of £106.0 million
client flows into equity products
return of capital by alternatives funds
Seed capital has supported funds representing ~11% of Group
AuM (>US$10 billion)
3%4%
6%
External debt
■Local currency
14%
31%
7%
Corporate debt
Blended debt
■ Equities
Alternatives
Multi-asset
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