26 October Emerging Markets

GEM Equity: Q3 Performance & Attribution Analysis

 

Emerging Markets Fund Performance & Attribution, Q3 2025

Active Global Emerging Market funds are delivering strong absolute performance in 2025, with average returns of 26.0% year-to-date – on track for their best calendar year since 2017. This strength is somewhat overshadowed by the benchmark’s 27.8% gain, translating to underperformance of -1.8% on average. Just under 40% of active EM funds have managed to beat the benchmark so far.

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