Ashmore Group has shrugged off the continuing decline in its assets under management, with the emerging market specialist's chief executive Mark Coombs saying investors who have been willing to look beyond short-term volatility have benefited.

Ashmore's assets under management fell for a third consecutive quarter, dropping by $2.6 billion in the three months to March 31 - the firm's fiscal third quarter - according to an interim management statement published on Tuesday.