Both net inflows and positive investment performance contributed to the increase in AUM, with an increase of $1.2bn from the former and $4.3bn from the latter.
Ashmore said there were net inflows within the overlay, external debt, local currency, corporate debt and multi-strategy themes during the period.
Meanwhile equities and blended debt themes saw modest outflows in Q1.
The firm said it had been consistent with its long-standing approach of adding risk during periods of market volatility and in its first half has subsequently delivered positive investment performance, with equities, external debt and blended debt particularly strong.
The group continues to perform in line with management’s expectations, the interim statement concluded.
