Ashmore, the London-listed specialist asset manager, has continued to benefit from a shift in investor sentiment towards emerging markets, posting an 18% increase in assets under management during the second half of last year.

The FTSE 250 group, which until the start of 2017 had not posted a single quarter of net inflows for almost three years, saw assets grow to $69.5bn during the six-month period — up 33% year-on-year.