Ashmore Group, the UK-listed fund manager, had its second consecutive quarter of net inflows in the three months to the end of June, prompting chief executive Mark Coombs to claim more is to come as the emerging markets recovery continues.

Net inflows of $1.2bn helped lift assets to $58.7bn, up 5% from the end of March, according to second quarter a trading statement today. Positive investment performance contributed $1.6bn to assets under management at the emerging markets specialist.