Emerging markets manager Ashmore Group today admitted it had felt the impact of plummeting commodity prices on performance, as assets under management continued to fall over the last quarter.

Ashmore on Tuesday said that total assets under management had slipped 10.7% to $63.7 billion for its second fiscal quarter - the three months to the end of December 2014. It marked the second consecutive quarter in which assets have fallen. In July 2014, total assets stood at $75 billion.