Breaking the Range: EM Reclaims Attention in Global Portfolios
- Steve Holden
- December 15, 2025
- Global
- 0 Comments
China allocations have recovered from the lows, but momentum has stalled—masking active shifts beneath the surface.
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Materials: The Recovery Trade
- Steve Holden
- December 14, 2025
- Emerging Markets
- 0 Comments
China allocations have recovered from the lows, but momentum has stalled—masking active shifts beneath the surface.
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Japan: Cautiously Reengaging
- Steve Holden
- November 25, 2025
- Global
- 0 Comments
China allocations have recovered from the lows, but momentum has stalled—masking active shifts beneath the surface.
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China & HK: Rebuild Slows Amid Heavy Sector and Stock Rotation
- Steve Holden
- November 24, 2025
- Emerging Markets
- 0 Comments
China allocations have recovered from the lows, but momentum has stalled—masking active shifts beneath the surface.
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UK Equity: Q3 Performance & Attribution Analysis
- Steve Holden
- October 26, 2025
- UK
- 0 Comments
UK Active Fund Performance & Attribution, Q3 2025 Active UK equity managers have once again found themselves grappling with a tough market backdrop. Despite an average return of 11.75% across the peer group through Q3, the benchmark has proven an even tougher competitor. The SPDR FTSE All Share ETF delivered a 15.9% gain year-to-date—comfortably ahead of nearly three-quarters of …
Continue ReadingGEM Equity: Q3 Performance & Attribution Analysis
- Steve Holden
- October 26, 2025
- Emerging Markets
- 0 Comments
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 …
Continue ReadingGlobal Equity: Q3 Performance & Attribution
- Steve Holden
- October 26, 2025
- Global
- 0 Comments
Global Funds: Q3 Performance & Attribution Active Global funds are facing yet another challenging year. While the average fund delivered a commendable 15.5% return through the end of Q3, the elephant in the room remains a benchmark that continues to deliver well above-average performance. The SPDR ACWI ETF returned 18.8% year-to-date, outperforming 73% of the 358 active funds in our …
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The Big Picture: Global Fund Positioning Update
- Steve Holden
- September 30, 2025
- Global
- 0 Comments
The Big Picture: Global Fund Positioning Update In this report, we take a deep dive into active global fund positioning—across regions, countries, sectors, and stocks—highlighting the key dynamics shaping capital allocation across our 360-strong fund universe. We begin with headline positioning trends across the three major regions, before examining each in detail: Americas, EMEA, and Asia, together with a …
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The Big Picture: Emerging Markets Fund Positioning Update
- Steve Holden
- September 22, 2025
- Emerging Markets
- 0 Comments
The Big Picture: Emerging Markets Fund Positioning Update In this report, we take a deep dive into active EM fund positioning — across regions, sub-regions, countries, sectors, and stocks — highlighting the key dynamics shaping capital allocation in emerging markets. We begin with headline positioning trends across major regions and sub-regions, before examining the five core areas of EM …
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BAE Systems plc
- Steve Holden
- August 25, 2025
- UK
- 0 Comments
229 Active UK Funds, AUM $172bn BAE Systems plc Positioning Rebounds, Underweight Widens BAE Systems has staged a sharp rebound in ownership, rising to 36.7% of UK funds — its highest in over two years — with average weights also climbing. Yet positioning remains well below historical peaks, leaving UK managers -1.27% underweight versus the benchmark. As the dominant aerospace …
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