The Ashmore Group Board has recommended a final dividend of 12.1 pence per share, which, if approved by shareholders, will be paid on 6 December 2024 to all shareholders on the register on 8 November 2024.
Other financial highlights include:
Assets under management (AuM) of US$49.3 billion. Positive investment performance of US$2.1 billion. Lower redemptions drive reduction in net outflows to US$8.5 billion.
Adjusted net revenue of £187.8 million, 4% lower YoY reflecting higher performance fees offset by 10% lower average AuM.
Net management fees of £160.4 million, 12% lower YoY.
Performance fees of £22.7 million, significantly higher than prior year (£5.1 million).
Adjusted operating costs increased by 22% YoY.
Higher variable remuneration driven by performance fees, realised seed capital gains and interest income (31.0% of EBVCT).]
Adjusted EBITDA of £77.9 million, 27% lower YoY, and adjusted EBITDA margin of 41%.
