Ashmore has reaped the benefits of a push last year to broaden its client base as strong inflows from retail investors, particularly in Asia, continued to boost assets under management at the emerging markets-focussed firm over the last quarter.

The UK fund manager, which specialises in emerging market debt, said in its second quarter results today that assets under management rose 12% to $46.7bn over the period. The firm also said that its retail clients now account for 15% of the money it oversees, up from 8% at the end of June 2010.