Emerging Markets Income: November Monthly Commentary
2 minutes read timeIn November, the fund returned +0.1% with positive performance from Brazil and South Africa, as gold and other commodities resumed their positive trajectory. Conversely, profit-taking in AI-linked equities from South Korea and Taiwan were the main areas of weakness.
Emerging Markets: November Monthly Commentary
3 minutes read timeDuring November the strategy outperformed the MSCI Emerging Markets Index by 1.7% in what was the first down-month for our markets since the start of the year. The stronger performance was driven primarily by stock selection which limited downside in the portfolio.
Emerging Markets: October Monthly Commentary
2 minutes read timeDuring October the strategy lagged the MSCI Emerging Markets index by 0.8%, even as markets continued rallying. This was primarily due stock selection in Taiwan, where TSMC continued setting the pace. Other markets were mixed with a good recovery in Argentina after the elections but weaker performance among other Latin American markets.
Emerging Markets Income: October Monthly Commentary
2 minutes read timeThe fund rose 4.4% in October. South Korea remains the standout performer, and together with good returns from Taiwan made Technology the strongest performing sector.
Emerging Markets Income: September Monthly Commentary
2 minutes read timeIn September the fund returned 2.7% led by China, Taiwan and Brazil with strong performance from Alibaba, Brilliance Auto and Eletrobras.
Emerging Markets: September Monthly Commentary
2 minutes read timeDuring the third quarter, the strategy outperformed the MSCI Emerging Markets index by 3.1% even as the index rose by over 10% in US$ terms.
Pacific Emerging Markets Video Update
2 minutes read timeSeb Stewart, Head of US Institutional Sales, sits down with Kamil Dimmich, Portfolio Manager and Partner, North of South Capital LLP, to reflect on recent performance of the Pacific North of South Emerging Markets strategies in Q3.
Emerging Markets: August Monthly Commentary
2 minutes read timeDuring August the strategy outperformed the MSCI Emerging Markets index by 1.7% in what was the eighth consecutive month of positive returns for the index this year.
Emerging Markets Income: August Monthly Commentary
2 minutes read timeIn August the fund gained 3.3% as markets continued to rally from their April lows. Performance has been broad-based but led by Taiwan, China and Brazil, with the consumer discretionary and information technology sectors contributing most at the sector level.
Emerging Markets Income: July Monthly Commentary
2 minutes read time In July the fund gained 6.3% as markets continued to rally from their April lows. Performance has been broad-based but led by Taiwan, which was driven by the ever-increasing capex for AI, combined with easing tariff concerns.