# Ashmore Investment Management Ltd

> Ashmore Investment Management Ltd is an SEC-registered investment advisory firm in London, United Kingdom, registered since 1997, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated September 28, 2026.

- CRD: 112551
- Filed as: ASHMORE INVESTMENT MANAGEMENT LTD
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: London, United Kingdom
- Filing period: October 2026
- Form ADV filing dated: September 28, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/112551
- AdvisorCensus page: https://advisorcensus.com/firm/ashmore-investment-management-ltd-london-112551

## Quick answers

**How is Ashmore Investment Management Ltd compensated?**
On its Form ADV (Item 5.E, October 2026), Ashmore Investment Management Ltd reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Ashmore Investment Management Ltd located?**
Ashmore Investment Management Ltd's principal office is in London, United Kingdom, according to its Form ADV.

**Is Ashmore Investment Management Ltd registered with the SEC or a state?**
Ashmore Investment Management Ltd is an SEC-registered investment advisory firm, registered since 1997. Status as filed: Approved. CRD 112551.

**How much does Ashmore Investment Management Ltd manage?**
Ashmore Investment Management Ltd reports $47,356,067,027 in regulatory assets under management in its Form ADV filing dated September 28, 2026 (100% discretionary).

**How have Ashmore Investment Management Ltd's assets and staff changed since 2021?**
In the Form ADV data for Ashmore Investment Management Ltd: Regulatory assets under management: $80,595,488,534 in the October 2021 data and $47,356,067,027 in the October 2026 data, down 41%. Total employees: 167 in October 2021 and 153 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Ashmore Investment Management Ltd serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (43); corporations or other businesses not listed above (29); sovereign wealth funds and foreign official institutions (13).

**Which custodians does Ashmore Investment Management Ltd use?**
Ashmore Investment Management Ltd's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists BNY, Citibank, N.A, HSBC and Northern Trust Company (Australia) as custodians holding 10% or more of its separately managed account assets.

**Does Ashmore Investment Management Ltd report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/112551

**What changed in Ashmore Investment Management Ltd's recent Form ADV filings?**
In the October 2026 filing data: Employees performing advisory functions went from 44 to 50. Regulatory assets under management went from $40,899,766,868 to $47,356,067,027 (+16%). Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- BNY
- Citibank, N.A
- HSBC
- Northern Trust Company (Australia)

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $47,356,067,027
- Discretionary: $47,356,067,027
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 3 | $43,545,695 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 43 | $4,821,529,998 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 8 | $2,985,489,444 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 5 | $1,424,651,523 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 13 | $27,029,899,605 |
| Corporations or other businesses not listed above | 29 | $11,050,950,762 |
| Other | Not reported | $0 |

### Advisory services (Item 5.G)
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 1997 (28 years)
- Employees: 153 total, 50 performing advisory functions
- Wrap fee program participation: Yes
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [ashmoregroup.com](https://ashmoregroup.com)
- [ir.ashmoregroup.com](https://ir.ashmoregroup.com)
- LinkedIn @ashmore
- X @ashmoreem

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $80,595,488,534 | 167 | September 22, 2021 |
| October 2022 | $54,611,370,486 | 163 | September 28, 2022 |
| October 2023 | $49,489,802,051 | 163 | September 28, 2023 |
| October 2024 | $42,583,948,002 | 151 | September 27, 2024 |
| October 2025 | $42,583,948,002 | 151 | May 19, 2025 |
| October 2026 | $47,356,067,027 | 153 | September 28, 2026 |

Regulatory assets under management: $80,595,488,534 in the October 2021 data and $47,356,067,027 in the October 2026 data, down 41%.
Total employees: 167 in October 2021 and 153 in October 2026.

## Changes in the filing (last 12 months)

### October 2026
- Employees performing advisory functions went from 44 to 50.
- Regulatory assets under management went from $40,899,766,868 to $47,356,067,027 (+16%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Ashmore Investment Management Ltd (CRD 112551): Form ADV filing data as of October 2026.