• Steve Holden
• February 28, 2024
• GEM Insights
• 0 Comments

361 emerging market Funds, AUM $400bn Country Positioning Update • China weights fall to lowest levels in 7-years, managers remain underweight. • India weights move to all-time highs, but active funds increase underweights to record levels. Value funds become increasingly sceptical. • Saudi Arabia the 2nd largest country underweight, but momentum among investors remains compelling. • Overweights led by the …

• Steve Holden
• February 20, 2024
• GEM Insights
• 0 Comments

361 Global EM Equity Funds, AUM $400bn Reassessing Turkey • After a decade-long bear market in investor positioning, GEM managers are beginning to show tentative signs of a sentiment shift towards Turkey. Author:  Steven HoldenDate:  February 20th, 2024Fund Universe: Global Emerging Markets Equity Turkey Positioning Overview In this video, we look into the fundamentals of Turkish market positioning among active …

• Steve Holden
• January 17, 2024
• GEM Insights
• 0 Comments

2023 was a good year for active EM managers, as 60% outperformed generating +1.6% of alpha versus the tradable benchmark, on average. Returns were driven higher by strong performance from Value and Small/Midcap managers, whilst high Growth struggled. China & HK positions were costly, whilst LATAM and Technology contributed the most to outperformance. 2023 Fund Performance Active EM funds had a good 2023. Average fund returns came in at a healthy 10.57%, ahead of the iShares MSCI Emerging Markets ETF by +1.58%, with 59.8% of funds outperforming. Broken down by Style, Value and Yield funds had the best year, averaging 14.77% and 14.29% respectively, with Aggressive …

• Steve Holden
• December 19, 2023
• GEM Insights
• 0 Comments

2023 marks a pivotal year with EM investors significantly increasing holdings in the Saudi market. Major EM investors from GQG Partners to Capital Funds record notable fund inflows into Saudi for the first time. Despite growing interest, the Saudi market still presents ample room for broader investor engagement. Saudi Arabia remains comparatively ‘under-owned’ in relation to its Asian and LATAM …