Ashmore Group, the emerging markets specialist manager, has put an end to two years of consistent outflows to post flat flows in the three months to September 30 on the back of improved stability in the sector.

The UK-listed fund manager, regarded by many as a bellwether of investor sentiment towards the emerging markets, reported in its fiscal first-quarter trading statement on October 14 that its assets under management had increased by $2 billion to $54.6 billion during the three months ended September 30.