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.
Emerging Markets Income: December Monthly Commentary
3 minutes read time Over the month the fund gained 4.5% and finished the year at an all-time high. This brought the quarterly return to 6.2% and the full year total return to 19.3%. The fourth quarter distribution of £0.103238 was lower than last year partly due to our Korean companies that moved ex-div dates into the first quarter […]
Emerging Markets: December Monthly Commentary
2 minutes read time During 2023 the strategy outperformed the MSCI Emerging Markets total return index by 11.8%. During Q4 the outperformance was 0.6%, as Emerging Markets recovered from their mid-year swoon. This marks the 8th consecutive year of outperformance for our All-Cap strategy.
Emerging Markets Income: November Monthly Commentary
3 minutes read time In November, performance was led again by Taiwan but we also had solid performance from financials which boosted our returns from Brazil, South Korea and Poland.
Emerging Markets: November Monthly Commentary
2 minutes read time In what was generally a strong month for equities, our larger allocations to Korea, Taiwan, Brazil and Mexico contributed to relative performance but were more than offset by stock selection as value factors lagged the broader market.
Emerging Markets Income: October Monthly Commentary
3 minutes read time This month, Taiwan continued to deliver solid returns with notable performance from MediaTek on signs of stronger Chinese demand for mobile phones, as well as new AI related products.
Emerging Markets: October Monthly Commentary
2 minutes read time While markets were pressured by rising US rates and events in the Middle East, the fund was helped by continued strength among Taiwanese holdings.
