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.
Emerging Markets: July Monthly Commentary
3 minutes read timeIn July, the Strategy outperformed the MSCI Emerging Markets index by 0.6%, during another positive month for the asset class.
Emerging Markets Income: June Monthly Commentary
2 minutes read timeIn June the fund returned 4% (GBP I share class), led by South Korea, Brazil and Greece. The second quarter dividend was GBP0.27555 making a 12m trailing yield of 5.7% which is a yield spread of 210bp over UK inflation.
Emerging Markets: June Monthly Commentary
3 minutes read timeDuring a turbulent April, the Strategy underperformed the MSCI Emerging Markets index by 2.4%.
Emerging Markets Income: May Monthly Commentary
2 minutes read timeIn May the fund gained 2.6%, which was led by our holdings in Taiwan and Financials. Much of the strength in Taiwan was attributable to an unexpected 9% surge of the Taiwan Dollar which happened over just a few days.
Emerging Markets: May Monthly Commentary
2 minutes read timeDuring a turbulent April, the Strategy underperformed the MSCI Emerging Markets index by 2.4%.
Emerging Markets Income: April Monthly Commentary
2 minutes read timeIn April the fund was down -1.98%. We had positive performance from our holdings in Greece and South Korea, whilst the main detractor was China.
Emerging Markets: April Monthly Commentary
2 minutes read timeDuring a turbulent April, the Strategy underperformed the MSCI Emerging Markets index by 2.4%.
Emerging Markets Income: March Monthly Commentary
2 minutes read timeIn March the fund was down 20bp and over the first quarter up 2.3% which compares favourably to MSCI Emerging markets and MSCI world which were both down over the same period.
Emerging Markets: March Monthly Commentary
3 minutes read timeDuring the first quarter of 2025 the Pacific North of South EM All Cap Equity Fund (USD I Distributing share class) outperformed the MSCI Emerging Markets index by +2.2%.