Ashmore Group

Ashmore as of Dec. 31, 2010

Portfolio Holdings for Ashmore

Ashmore holds 40 positions in its portfolio as reported in the December 2010 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Vale (VALE) 19.2 $93M 2.7M 34.26
Petroleo Brasileiro SA (PBR) 15.9 $77M 2.1M 37.56
America Movil Sab De Cv spon adr l 13.8 $67M 1.2M 56.76
Taiwan Semiconductor Mfg (TSM) 12.5 $61M 4.9M 12.40
Mobile TeleSystems OJSC 9.7 $47M 2.3M 20.70
Vimpel 8.9 $43M 2.9M 15.07
Chunghwa Tele 3.2 $16M 612k 25.30
Telefonos de Mexico 3.1 $15M 936k 16.09
iShares MSCI All Peru Capped Index Fund (EPU) 2.4 $12M 229k 50.32
Morgan Stanley China A Share Fund (CAF) 2.0 $9.6M 355k 27.01
Market Vectors Brazil Small Cap ETF 1.2 $6.0M 106k 57.09
Homex Development 1.2 $5.9M 177k 33.58
iShares MSCI Brazil Index (EWZ) 0.7 $3.2M 42k 76.99
Market Vectors Indonesia Index 0.6 $3.0M 35k 86.82
Ternium (TX) 0.6 $2.8M 67k 41.71
iShares MSCI Thailand Index Fund (THD) 0.5 $2.5M 39k 64.35
Morgan Stanley Emerging Markets Domestic (EDD) 0.5 $2.4M 154k 15.93
Mechel Oao spon adr p 0.5 $2.3M 236k 9.64
Wisdomtree Tr em lcl debt (ELD) 0.4 $2.0M 38k 51.86
MSCI Indonesia Investable Market Ind (EIDO) 0.4 $1.9M 65k 29.12
Aberdeen Latin Amer Eqty 0.3 $1.3M 34k 38.67
Ishares Tr Phill Invstmrk (EPHE) 0.2 $1.1M 45k 24.81
Templeton Russia & East European Fund 0.2 $993k 44k 22.84
Korea (KF) 0.2 $938k 21k 44.06
Mechel OAO 0.2 $812k 28k 29.31
iShares MSCI Chile Inv. Mt. Idx (ECH) 0.2 $815k 10k 79.13
Mexico Fund (MXF) 0.2 $841k 30k 27.96
India Fund (IFN) 0.2 $795k 23k 34.69
Turkish Investment Fund 0.2 $795k 48k 16.52
iShares MSCI Malaysia Index Fund 0.1 $699k 49k 14.25
WisdomTree India Earnings Fund (EPI) 0.1 $479k 18k 26.03
Taiwan Fund (TWN) 0.1 $498k 26k 19.04
Taiwan Greater China Fund 0.1 $364k 49k 7.50
Market Vector Russia ETF Trust 0.1 $319k 8.4k 38.09
iShares S&P India Nifty 50 Index Fund (INDY) 0.1 $357k 12k 31.04
China Fund (CHN) 0.1 $303k 9.6k 31.56
Templeton Emerging Markets (EMF) 0.1 $290k 13k 23.26
Malaysia Fund 0.1 $293k 26k 11.11
Aberdeen Indonesia Fund 0.1 $287k 22k 13.16
iShares MSCI South Korea Index Fund (EWY) 0.0 $194k 32k 6.09