Emerging Markets Income: November Monthly Commentary
2 minutes read timeIn November the fund appreciated by 1.6%, led again by the UAE which was almost all due to the performance of Emaar Development following another significant beat in quarterly earnings.
Emerging Markets: November Monthly Commentary
2 minutes read timeDuring November the fund outperformed the MSCI Emerging Markets index by 2.6%. This was driven entirely by stock selection while country allocation was neutral.
Emerging Markets: October Monthly Commentary
3 minutes read timeDuring the 3rd quarter, the fund lagged the MSCI Emerging Markets index by 3.4%. The greatest drag came from Korea and Taiwan as well as our Latin American energy positions.
Emerging Markets Income: October Monthly Commentary
2 minutes read timeIn October the fund gained 1.4%. Performance was led by the UAE and dragged lower by China.
Emerging Markets: October Monthly Commentary
2 minutes read timeDuring October, the strategy outperformed the MSCI Emerging Markets index by 2%.
Emerging Markets Income: August Monthly Commentary
2 minutes read timeIn September the fund appreciated by 1.7% in GBP, bringing the nine month return to 9.2%.
Emerging Markets: September Monthly Commentary
3 minutes read timeDuring the 3rd quarter, the fund lagged the MSCI Emerging Markets index by 3.4%. The greatest drag came from Korea and Taiwan as well as our Latin American energy positions.
Emerging Markets: August Monthly Commentary
2 minutes read timeIn August the fund underperformed the MSCI EM index by 1.2% during a highly volatile period.
Emerging Markets Income: August Monthly Commentary
2 minutes read timeOver the month the fund gained 0.85%. Markets have been in a state of wind-against-tide for much of the summer. Unsettled, rangebound and volatile.
Emerging Markets Income: July Monthly Commentary
2 minutes read timeIn July the fund declined by 3%. Currency markets continued to be a source of volatility which this month combined with weakness in technology.
