Ashmore Investment Management Limited

What Ashmore Investment Management Limited does

Ashmore Investment Management Limited is a specialist Emerging Markets investment manager that has operated continuously in these markets for over thirty years. The firm offers institutional and intermediary clients diversified exposure to EM debt, equities, and alternatives across five core themes: External Debt, Local Currency, Corporate Debt, Blended Debt, Equities, and Alternatives. As at 30 June 2026, Ashmore manages USD 54.0 billion in pooled funds, segregated accounts, and structured products, distributed through Luxembourg SICAVs, US Mutual Funds (SEC-registered), and segregated mandates. Distribution spans direct institutional sales teams across EMEA, the Americas, Middle East, Africa, and Asia Pacific, alongside intermediary channels (banks, brokers, fund platforms) and global account services.

The firm's core technology is a proprietary ESG scoring methodology applied consistently across all managed strategies, built on direct issuer visits and meetings with EM corporates and sovereigns, supplemented by third-party data. Investment processes for both fixed income and equities are framed as leveraging over two decades of accumulated EM experience. Fund share classes exhibit tiered fee structures (e.g., EM Equity ESG Fund Class I at 1.05% operating expenses with 1.97% total expense ratio), while dealing frequencies vary from daily (SICAV, US Mutual Funds) to monthly or quarterly for other pooled vehicles. The Ashmore SICAV EM Equity ESG Fund held approximately USD 115 million as of 31 July 2026.

The business is monetized through recurring management fees on AUM plus performance fees on certain fund structures. The client base is horizontal across central banks, government and corporate pension funds, institutional investors, and high net worth individuals, with a parallel intermediary distribution segment. Ashmore Investment Management Limited is a wholly-owned subsidiary of Ashmore Group plc, which is publicly listed on the London Stock Exchange; the firm itself is authorised and regulated by the UK Financial Conduct Authority and operates through ten regulated entities across the UK, Ireland, US, India, Indonesia, Singapore, Japan, Saudi Arabia, Peru, and Mexico.

Name

Ashmore Investment Management Limited

Legal name

Ashmore Investment Management Limited

Website

https://ashmoregroup.com

Company type

Private

Founded year

1992

Operating status

Operating

Short description

Ashmore Investment Management Limited is a London-headquartered specialist Emerging Markets investment manager with over thirty years of experience, managing USD 54.0 billion across fixed income, equity, and alternative strategies. The firm serves central banks, pension funds, institutional investors, HNW individuals, and financial intermediaries globally through ten regulated entities.

Ownership category

akta.pro rank

Product category

Emerging Markets Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Investment Advice (6282)

akta.pro primary industry

Emerging Markets Equity (Active) (FSAAAIAF)

akta.pro secondary industries

Investment Management Advisory (RIA) (FSAEAAAB), Sustainable/ESG Equity (Active) (FSAAAIAM)

Keywords

• Emerging markets investing
• Asset management services
• Fixed income funds
• Emerging market equities
• Alternative investments

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices10 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Management Fees: Asset management fees charged on pooled funds, segregated accounts and structured products. Ashmore manages USD 54.0 billion in assets under management as at 30 June 2026.
2. Performance Fees: Performance-based fees on certain fund structures where applicable.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels8 records

Core offering

Ashmore Investment Management Limited is a specialist Emerging Markets investment manager that offers actively managed pooled funds (including SICAV and Irish-domiciled funds), segregated institutional mandates and structured products across the EM debt, EM equity and EM alternatives opportunity set. The firm's product shelf covers external debt, local currency, corporate debt, blended debt, EM active equities, EM all cap equities, EM frontier equities and alternatives, with ESG considerations integrated via a proprietary scoring framework.

Product overview

Ashmore is a specialist Emerging Markets investment manager offering a diversified range of investment products including pooled funds, segregated accounts, and structured products. The firm manages USD 54.0 billion in assets (as at 30 June 2026). The product suite includes fixed income strategies (External Debt, Local Currency, Corporate Debt, Blended Debt) and equity strategies (EM Active, EM All Cap, EM Frontier, Alternatives). ESG-integrated variants are available for equity and debt products. The firm operates across multiple fund domiciles including Luxembourg SICAV and US mutual funds, with daily to quarterly dealing frequencies depending on the fund structure.

Differentiator

Problem solved

Functional benefit

Products and services

• External Debt strategy

Quantifiable outcome

• Assets under management of USD 54.0 billion as at 30 June 2026
• +3 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• United Nations Principles for Responsible Investment (UN PRI)coreStrategic or Co-development Partner · 1 January 2013Ashmore became a UN PRI signatory in 2013. The PRI represents more than 3,000 organisations which collectively manage more than USD 100 trillion and have publicly demonstrated their commitment to responsible investment.
• ClimateAction 100+coreStrategic or Co-development PartnerAshmore is a member of ClimateAction 100+, engaging collaboratively with three high-emitting companies as part of their active ownership approach and climate engagement strategy.

Scale indicators4 records

Recent moves9 records

Expansion highlights5 records

Broad incumbents

• BlackRock: World's largest asset manager with the iShares EM ETF franchise plus active EM strategies; competes head-on in EM institutional mandates and is the dominant passive/low-cost benchmark for EM active managers like Ashmore.
• Fidelity International: Large global asset manager with substantial EM equity and debt capabilities across institutional and retail channels; broader portfolio but directly overlapping in EM strategies, distribution channels and client segments.
• JPMorgan Asset Management: Global asset manager with major EM equity and EM debt capabilities, including dedicated emerging markets debt and blended strategies; a direct competitor for sovereign, pension and intermediary mandates.
• PIMCO: Major fixed-income-led global asset manager with an EM bond franchise (PIMCO GIS Emerging Markets Bond) — directly overlaps with Ashmore's External Debt, Local Currency and Blended Debt themes and institutional client base.

Direct peers

• Lazard Asset Management: Operates a well-known EM equities franchise (Lazard Emerging Markets Equity) targeting institutional clients with active management — directly comparable specialist EM active equity strategy and institutional distribution model.
• abrdn plc (formerly Aberdeen Standard Investments): One of the most direct peers: abrdn is a global asset manager with a long-established Emerging Markets franchise across equities, debt and multi-asset, serving institutional and intermediary clients worldwide — closely comparable EM specialist positioning and product breadth.
• Franklin Templeton: Has a large and established Emerging Markets debt and equities platform (Templeton EM) with global institutional and intermediary distribution — highly comparable EM specialist product set and cross-border distribution footprint.
• Neuberger Berman: Privately-held global asset manager with a long-standing Emerging Markets Debt and Equity platform serving institutional clients — closely comparable specialist EM franchise and multi-strategy EM coverage.
• Pictet Asset Management: Swiss private-bank-affiliated asset manager with EM debt and equity capabilities, including frontier strategies; comparable specialist positioning and international institutional distribution footprint.
• T. Rowe Price: Global asset manager with a dedicated Emerging Markets equity and debt platform serving institutional and intermediary clients — comparable active EM specialist positioning with similar global distribution model.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xtwitter.com/ashmoreem
• YouTubeyoutube.com/@Ashmore-Group
• LinkedInlinkedin.com/company/ashmore
• Instagraminstagram.com/ashmoregroup

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ashmore Investment Management Limited