Flows into funds managed by specialist emerging markets group Ashmore jumped at the start of 2017.
According to a trading update for the three months ending 31 March, net inflows were up 7 per cent reaching $1.4bn (£1.1bn), as investors poured cash into new mandates, while the number of redemptions dropped.
Money went into local currency, external debt, corporate debt and overlay/liquidity funds, while flows into equities and alternatives stayed flat.
However, Ashmore saw money leave its multi-asset and blended debt funds in the first three months of this year.
Assets under management increased by $3.7bn (£2.9bn) during the period, after seeing positive investment returns of $2.3bn (£1.8bn).
Mark Coombs, chief executive of Ashmore Group, said: "Ashmore delivered the anticipated return to net inflows this quarter, generated from a diverse range of existing and new clients."
He said emerging markets performed well over the quarter, both in absolute terms and compared to developed markets.
“The outperformance of emerging markets reflects accelerating economic growth and attractive absolute and relative valuations across both equity and fixed income markets."
Mr Coombs added: “This increases the pressure on investors to address their underweight allocations."
katherine.denham@ft.com
