Ashmore Group has been upgraded to 'buy' by Jefferies, which argues that the latest inflow data marks “a cyclical reboot” for emerging markets. The broker said the fourth quarter of 2025 “marked a turning point in the EM cycle”, with Ashmore delivering $2.6 billion of net new money.
Ashmore Group Plc (AJMPF) Q2 2026 Earnings Call Transcript
Ashmore Group (LSE:ASHM) shares climbed almost 11% to a year's high after reporting an 8% rise in assets under management for the past quarter. AUM reached to US$52.5 billion for the three months to 31 December 2025, the second quarter of the FTSE 250 asset manager's financial year, driven by strong net inflows and positive investment performance.
Ashmore Group (LSE:ASHM) has been downgraded by UBS as the share's valuation already reflects a strong recovery in emerging market (EM) debt inflows. The FTSE 250 group's core business now trades at 14.5 times forward earnings, analyst Michael Werner pointed out, around one standard deviation above its historical average.
Ashmore Group Plc (OTCPK:AJMPF) Q4 2025 Earnings Call September 5, 2025 4:00 AM EDT Company Participants Mark Coombs - CEO & Executive Director Tom Shippey - Group Finance Director & Executive Director Conference Call Participants Angeliki Bairaktari - JPMorgan Chase & Co, Research Division Hubert Lam - BofA Securities, Research Division Michael Werner - UBS Investment Bank, Research Division David McCann - Deutsche Bank AG, Research Division Laura Gris Trillo - Jefferies LLC, Research Division Presentation Mark Coombs CEO & Executive Director Hi, morning. Thank you for coming.
Ashmore Group (LSE:ASHM) reported a 3% increase in assets under management as stronger emerging market performance offset $0.8 billion of net outflows. AUM ended the final quarter of the specialist emerging markets investment group's financial year at $47.6 billion, up from $46.2 billion at the end of March.
Asset manager Ashmore Group (LSE:ASHM) highlighted the resilience of emerging markets following the recent imposition of US tariffs and the emerging new trade war with China. The emerging markets-focused group reported a net outflow of US$3.9 billion and a 5% fall in assets under management for the the past quarter to 31 March, but CEO Mark Coombs said this was despite a solid performance in the period.
Ashmore Group PLC stemmed net outflows over the first half of the year despite tough conditions most recently around the US election and bond market chaos. Net outflows sat at US$1.1 billion (£0.9 billion) in the six months to the end of December, against US$4.5 billion a year ago, the emerging markets asset manager said Friday.
Specialist emerging markets asset manager Ashmore Group (LSE:ASHM) plc increased its assets under management (AUM) by $2.5 billion sequentially in the first quarter. The total AUM stood at $51.8 billion as of 20 September, marking a 5% quarter-over-quarter improvement.
British fund manager Ashmore reported a further $2 billion of quarterly net outflows of client cash on Friday, as investors continued to shun the specialist firm's emerging markets funds.
Ashmore Group (LSE:ASHM) saw a US$2.4 billion (£1.86 billion) sequential decline in assets under management in the fourth quarter, as investors remained cautious about the fund manager's primary focus on emerging markets. Net outflows increased to US$2 billion during the period, despite Ashmore noting that returns from emerging markets had been positive.
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