Assets under management rose to $52.6 billion in the quarter ended June 30, compared with $51.3 billion in the previous quarter, Ashmore said in a statement.

This was due to positive investment performance of $2 billion, while the firm saw net outflows of $700 million.

Emerging market stocks <.MSCIEF> have recovered from a slide earlier this year, and are trading at the year's highs.

"Near-term investor sentiment may be affected by uncertainty in the developed world," Ashmore chief executive Mark Coombs said in a statement, adding that "the arguments for investing in emerging markets are powerful and can be expected to drive allocations higher over time".

(Reporting by Carolyn Cohn; Editing by Rachel Armstrong)