Assets at Ashmore Group have fallen by more than a fifth in the past 12 months, it was revealed on Thursday, as its chief executive Mark Coombs was left to rue continued investor “uncertainty” blighting emerging markets.

The emerging markets specialist reported that assets for the quarter ending June 30, 2015 had slipped by $2.2 billion to $58.9 billion, compared with the previous three months. Year-on-year, Ashmore's assets under management are down $16.1 billion and over the same period the company's share price has slumped 22%, as of 11:06am BST.