Ashmore Group has seen a notable rebound as investors injected $1.1 billion into its funds during the third quarter of 2026, marking the second consecutive quarter of net inflows for the emerging markets-focused asset manager. This follows a $1.3 billion inflow reported in the previous quarter, signaling renewed confidence after several years of outflows.

Despite suffering a $600 million reduction due to unfavorable market movements, the fresh capital raised helped increase Ashmore’s assets under management (AUM) to $54.5 billion, up from $54 billion at the end of June. The firm’s shares closed down slightly by 0.7 percent at 224.25 pence but have gained approximately 27 percent year to date.

Founded as the emerging market bonds division of Australia and New Zealand Banking Group (ANZ), Ashmore became an independent entity through a management buyout in 1999. It later listed on the London Stock Exchange in 2006. The company reached its peak in 2019, managing nearly $100 billion in assets, but subsequently contracted amid significant market disruptions.

Client withdrawals accelerated beginning in mid-2021, triggered by a combination of factors including the global economic impact of the COVID-19 pandemic, geopolitical instability related to the war in Ukraine, and rising interest rates. These events contributed to a sustained period of quarterly net outflows lasting over four years and only easing late last year.

The recent inflows suggest a gradual restoration of investor appetite for the higher-risk exposure that Ashmore specializes in, centered primarily on emerging markets. While markets remain volatile, the firm’s ability to attract new investments indicates growing confidence in its strategies and outlook.