Ashmore Group (LSE:ASHM) shares climbed almost 11% to a year's high after reporting an 8% rise in assets under management for the past quarter.
AUM reached to US$52.5 billion for the three months to 31 December 2025, the second quarter of the FTSE 250 asset manager's financial year, driven by strong net inflows and positive investment performance.
The emerging markets asset manager said net inflows totalled US$2.6 billion in the quarter, with a further US$1.2 billion added through performance.
Fixed income AuM rose to US$41.9 billion, and equities increased to US$8.8 billion.
New allocations were made across external debt, local currency, equities, and blended debt strategies, with Ashmore pointing to rising interest in emerging markets from global investors.
It was noted that emerging markets outperformed developed markets during 2025, with equity indices rising 19-35% and fixed income returning 9-19%.
Chief executive Mark Coombs said: "Ashmore delivered good AuM growth over the quarter with meaningful net inflows across fixed income and equities investment themes, in both global and local businesses, and continued strong investment performance for clients."
He added: "It is clear that investors are acting upon the attractive risk/reward opportunities available across emerging markets and are benefiting from the continued outperformance of these markets."
The shares climbed 10.8% to 202.2p after the update, their highest since November 2024.