Emerging Markets Income: May Monthly Commentary
2 minutes read time April proved to be the first month in a while that we saw some meaningful rotation in the geographic performance of the fund. Our weakest markets were Taiwan, Mexico and Brazil, largely triggered by resurgent concerns over the path of US interest rates. Our top performers were in China/Hong Kong, Chile and Greece.
Emerging Markets: May Monthly Commentary
2 minutes read time A positive relative performance of 0.4% in March has led us to finish the first quarter of 2024 with an outperformance of 2.3% against the MSCI Emerging Markets index.
Emerging Markets Income: April Monthly Commentary
2 minutes read time April proved to be the first month in a while that we saw some meaningful rotation in the geographic performance of the fund. Our weakest markets were Taiwan, Mexico and Brazil, largely triggered by resurgent concerns over the path of US interest rates. Our top performers were in China/Hong Kong, Chile and Greece.
Emerging Markets: April Monthly Commentary
2 minutes read time During April the fund underperformed the MSCI Emerging Markets index by 1.8%. The largest relative detractor was China, in particular due to some weak market closes on US listed ADRs at the end of the month.
Emerging Markets Income: March Monthly Commentary
2 minutes read time The fund gained 3.1% in March bringing the Q1 return to 8.85% and the one-year return to 28.1%.
Emerging Markets: March Monthly Commentary
3 minutes read time A positive relative performance of 0.4% in March has led us to finish the first quarter of 2024 with an outperformance of 2.3% against the MSCI Emerging Markets index.
Emerging Markets Income: February Monthly Commentary
3 minutes read time As mentioned last month, Korea has suddenly come to life through the ‘Value-Up’ reforms which appear to have gained traction.
Emerging Markets: February Monthly Commentary
2 minutes read time The largest contribution to relative performance came from our value stocks in Korea, followed by strong performance in Taiwan and the UAE.
Emerging Markets Income: January Monthly Commentary
2 minutes read time Once again China led the downside despite further measures to support both the property and the equity market with direct exchange purchases.
Emerging Markets: January Monthly Commentary
2 minutes read time Emerging Market equities surrendered all of December’s hard-won gains, led on the downside once again by Chinese markets. During the month, the largest relative contribution came from our positions in Korea, followed by China and Greece.
