adminMark Coombs
CEO & Executive Director
Hi, morning. Thank you for coming. We’re talking — my name is Mark Coombs, CEO of Ashmore. This is Tom Shippey, Finance Director. And we’re updating you on our full year results to end of June ’25. So this is sort of a high-level overview. Performance has been pretty good this period, actually. We are an active manager. It’s working. The last 12 months have been very good — we’ve seen very good emerging markets returns full stop on the indices, and we have outperformed as well. So that’s all been pretty good despite a lot of noise in the U.S. and elsewhere.
We’re now — our outperformance now is we’re up to 70% outperforming over 3 years, which is the kind of place you want to be, 81% over 5 and generally in a good place for people to invest when they decide they want to get back to the marketplace. Our AUM is now at $47 billion, which is down 3%. Net redemptions have slowed down pretty dramatically. We’re now in net inflow in equity, the local businesses and in investment grade. So the only shoes that we need to drop are in the high-yield space. In terms of our operating model, it still does what it’s supposed to do.
So revenue is down 22%. We have less average AUM and
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