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 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 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 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.
Emerging Markets Income: June Monthly Commentary
2 minutes read timeApril 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 Income: May Monthly Commentary
2 minutes read timeApril 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 Income: April Monthly Commentary
2 minutes read timeApril 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 Income: March Monthly Commentary
2 minutes read timeThe fund gained 3.1% in March bringing the Q1 return to 8.85% and the one-year return to 28.1%.
Emerging Markets Income: February Monthly Commentary
3 minutes read timeAs mentioned last month, Korea has suddenly come to life through the ‘Value-Up’ reforms which appear to have gained traction.