Ashmore assets under management rise to U.S.$54 billion in June quarter

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Ashmore assets rise June

Highlights

Ashmore's assets under management rose by U.S.$3.3 billion to U.S.$54 billion in the quarter, driven by U.S.$2.0 billion performance gains and U.S.$1.3 billion net inflows.
Fixed income assets increased to U.S.$42.0 billion, equities to U.S.$10.0 billion, and alternatives to U.S.$2.0 billion, with only external debt experiencing net outflows.
Emerging market fixed income indices gained 2%–5% and large-cap equities surged 24%, with redemptions significantly reduced and a positive outlook cited for ongoing capital flows.

Quarterly asset growth and flows

According to London Stock Exchange, a regulatory news statement published through the London Stock Exchange shows Ashmore's assets under management increase by U.S.$3.3 billion over the quarter, made up of positive investment performance of U.S.$2.0 billion and net inflows of U.S.$1.3 billion.

Fixed income assets rise to U.S.$42.0 billion from U.S.$40.0 billion at 31 March 2026, while equities increase to U.S.$10.0 billion from U.S.$8.8 billion and alternatives edge up to U.S.$2.0 billion from U.S.$1.9 billion. Within fixed income, local currency assets climb to U.S.$17.4 billion from U.S.$16.4 billion, blended debt advances to U.S.$11.4 billion from U.S.$10.5 billion, corporate debt grows to U.S.$5.4 billion from U.S.$5.1 billion, and external debt slips to U.S.$7.8 billion from U.S.$8.0 billion.

Ashmore says net inflows are delivered across local currency, equities, blended debt and corporate debt as investors look through uncertainty over the conflict in the Middle East and focus on relative value and growth differentials in emerging markets. It adds that redemptions reduce significantly from the prior quarter, although a small number of institutional withdrawals leave external debt with a net outflow in the period.

Market backdrop and outlook for emerging markets

Emerging markets deliver strong returns during the quarter, with fixed income indices rising between 2% and 5% and the large-cap equity index gaining 24%, according to the company. All major emerging market indices now stand above their end-February levels except local currency, which remains affected by the strength of the U.S. dollar.

Chief Executive Officer Mark Coombs says market performance reflects the diversity and resilience of emerging markets after volatility caused by the closure of the Strait of Hormuz and the related spike in oil prices. He says Ashmore's active investment management continues to generate excess returns, and that the proportion of group assets outperforming benchmark indices remains broadly consistent with 31 December.

Coombs says the risk of a global inflation shock is easing, provided hydrocarbon exports can continue through the Strait, while recovering real incomes and lower recession risk support a more favorable macroeconomic setting. He adds that capital spending on AI, energy security, defence and supply-chain reorientation, together with the longer-term effects of recent U.S. foreign policy, is expected to remain supportive for emerging markets.

In our earlier coverage of the Strait of Hormuz risk premium in oil, we explained how renewed U.S.-Iran military escalation and reported tanker attacks pushed Brent and WTI higher and put traders on alert over potential supply disruption. We also noted that a drop in tanker traffic through the waterway increased uncertainty, with prices hinging on whether crude flows remain uninterrupted or face a prolonged slowdown.

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