GEM Funds: Performance & Attribution, 2024

348 emerging market Funds, AUM $418bn

Active GEM Funds: Performance & Attribution, 2024

Headlines

GEM Funds Aligned with Benchmark in 2024

Active EM Funds posted an average return of +6.08% in 2024, trailing the iShares MSCI Emerging Markets ETF by 0.46%. Just under half (47.5%) of funds managed to outperform the index.

2024 returns ranged from -13.6% to +28.3%, with most funds concentrated between 4% and 10%. Yield and GARP funds outperformed the benchmark on average, whilst Aggressive Growth funds were the notable underperformers.

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