Ashmore Q4 AuM rise as investors 'look through' Middle East uncertainty

14th Jul 2026 09:07

(Sharecast News) - Emerging markets asset manager Ashmore reported a jump in fourth-quarter assets under management on Tuesday as it said investors looked through the uncertainty over the conflict in the Middle East.

In the quarter to 30 June, AuM rose 7% to $54bn. This comprised a positive investment performance of $2bn and net inflows of $1.3bn. AuM in fixed income increased to $42bn from $40bn, while equities saw a rise to $10bn from $8.8bn.

Ashmore said net inflows were delivered across local currency, equities, blended and corporate debt "as investors look through the uncertainty over the conflict in the Middle East and recognise the relative value and growth differential on offer in emerging markets".

Chief executive Mark Coombs said: "Emerging markets performed well, demonstrating their diversity and resilience following the market volatility caused by the closure of the Strait of Hormuz and the corresponding oil price spike. Against this backdrop, Ashmore's active investment management approach has continued to generate excess returns.

"The risk of a global inflation shock is reducing, provided hydrocarbon exports can be maintained through the Strait. Real incomes are recovering, and markets are beginning to reprice the prospect of a 'Goldilocks' environment, with reduced recession risk underpinned by significant capital spend on AI, energy security, defence and supply‑chain reorientation.

"Therefore, the forward-looking macroeconomic environment, together with the longer-term impact of recent US foreign policy, is expected to be supportive for EM."

At 0906 BST, the shares were down 2.9% at 209p,

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