GEM Funds: Performance & Attribution Review, Q3 2024

352 Global Emerging markets active equity funds, AUM $429bn

GEM Funds: Performance & Attribution Review, Q3 2024

Summary

Active EM Funds delivered an average return of +6.85% in Q3, underperforming the iShares MSCI Emerging Markets ETF by 0.83%, with 38.8% of funds beating the index.

Quarterly returns ranged from -2% to +15.6%, with most funds concentrated between 6% and 8%. Value funds were the only style group to outperform the iShares MSCI EEM ETF, while Large/Megacap funds were the weakest performers, averaging 5.8%.

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