Ashmore’s core fixed-income funds helped the asset manager attract $1bn in net new money in the three months to the end of December, reflecting the continued appetite among investors for exposure to the emerging markets.

The emerging markets specialist reported a 4.4% rise in assets under management in its second quarter on the back of $2bn in "positive investment performance" and the $1bn in net inflows, according to its interim management statement published on Tuesday. Ashmore ended the three months to the end of December with $71bn in assets under management.