24 October Emerging Markets

Emerging Markets Ex-China Insights, October 2024

30 EM Ex-China Funds, AUM $1.7bn

Active EM Ex-China Funds: Positioning Insights, October 2024

Headlines

Country:
India, Taiwan and South Korea dominant.  Versus the benchmark, DM stocks, Argentina and Mexico lead the overweights, whilst India, Taiwan and Saudi Arabia top the underweights.

Sector:
Technology is the top sector allocation, but strong momentum seen in Communication Services and Consumer Discretionary.  Materials and Energy unloved and underweight.

Stock:
TSMC held by every fund, with Samsung Electronics and SK Hynix also well owned.  POSCO and Celltrion unloved, Reliance Industries a key underweight.

For more analysis, data or information on active investor positioning in your market, please get in touch with me on steven.holden@copleyfundresearch.com