adminSummary
- Emerging market equities have had one of the strongest starts in recent years, with MSCI EM up 15% YTD, outperforming the S&P 500 by ~9pp.
- Key contributors included SK Hynix and Jentech, while underweights in Taiwan and Korea, and positions in Tencent and Hon Hai Precision, detracted from performance.
- Emerging market equities extended their relief rally during May 2025 helped by de-escalation in tariff risks.
- China equities witnessed an upswing during the 2Q 2025 following early April lows.
Market Overview
In 2Q25, the MSCI Emerging Markets (EM) Index returned 12.0% taking YTD returns to 15.3% (in USD).
Emerging market equities have had one of the strongest starts in recent years, with MSCI EM up
Select quarterly mutual fund commentaries.
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