Ashmore Dana Ekuitas Nusantara

Throughout Q1 2025, Ashmore Dana Ekuitas Nusantara (ADEN) posted a performance of -11.55%, underperforming its benchmark, the Jakarta Composite Index (JCI) which fell by -8.04% during the same period. ADEN's underperformance was driven by OW allocation in the Consumer Cyclicals sector, which fell by -14.60% in Q1 2025.

Ashmore Dana Obligasi Nusantara

Throughout Q1 2025, Ashmore Dana Obligasi Nusantara (ADON) posted a performance of 0.92%, underperforming its benchmark 80% IBPA which rose by 1.52%. ADON's underperformance was due to the overall strengthening trend of the bond market. This can be seen from an decrease in UST 10-year bond yields of around 36 bps 4.57% in end Dec24 to 4.21% in end Mar25. Meanwhile, Indonesia 10yr government bond yield was flat at 7.00% in end of Mar25.

ADON has OW duration strategy relative to the benchmark.

Ashmore Dana Obligasi Unggulan Nusantara

During Q1 2025, Ashmore Dana Obligasi Unggulan Nusantara (ADOUN) posted a performance of 1.94%, outperforming its benchmark IDR Time Deposit 1M (Net) which rose by 0.76%. ADOUN's outperformance was due to the overall strengthening trend of the bond market. This can be seen from a decrease in UST 5-year bond yields of around 43 bps from 4.38% in end Dec24 to 3.95% in end Mar25. Indonesia bond market was also facing similar situation where Indonesia 5yr government bond yield which is the main underlying portfolio of ADOUN also fell by 27 bps from 7.03% in end of Dec24 to 6.76% in end of Mar25.

ADOUN has OW duration strategy relative to the benchmark.

Ashmore Dana Progresif Nusantara

Throughout Q1 2025, Ashmore Dana Progresif Nusantara (ADPN) posted a performance of -11.99%, underperforming its benchmark, the Jakarta Composite Index (JCI) which fell by -8.04% during the same period. ADPN's underperformance was driven by OW allocation in the Consumer Cyclicals sector, which fell by -14.60% in Q1 2025.

Ashmore Digital Equity Sustainable Fund

Throughout Q1 2025, Ashmore Digital Equity Sustainable Fund (ADESF) posted a performance of -7.81%, underperforming its benchmark IDX ESG Leaders Index (IDXESGL) which fell by -4.70% in the same period. ADESF's underperformance was driven by OW allocation in the Consumer Non-Cyclicals sector, which fell by 11.93% in Q1 2025.

Ashmore Dana Pasa Uang Nusantara

Throughout Q1 2025, Ashmore Dana Pasar Uang Nusantara (ADPUN) posted a performance of 1.21%, outperforming its benchmark JIBOR Overnight Index which rose by 0.76%. This outperformance was due to the decrease in 1 year Indonesia government bond yield by around 38 bps in Q1 2025 period.

Ashmore Dana USD Nusantara

Throughout Q1 2025, Ashmore Dana USD Nusantara (ADON) posted a performance of 0.77%, underperforming its benchmark Indo 5Y Gov bond USD which rose by 2.01%.  ADUN's underperformance was due to the overall strengthening trend of the bond market. This can be seen from an increase in UST 10-year bond yields of around36 bps 4.57% in end Dec24 to 4.21% in end Mar25. Indonesia USD bond market was also facing a similar situation where Indonesia 10yr USD government bond yield fell by 13 bps from 5.45% in end of Dec24 to 5.32% in end of Mar25.

ADUN has OW duration strategy relative to the benchmark.