abrdn Emerging Markets ex-China Fund Q1 2025 Commentary
Source: SeekingAlpha
2025-05-29 09:40:00 ET
Summary
- The Fund fell by 2.15% over the quarter, mainly due to negative stock selection in China and Taiwan, while selection effects in the United Arab Emirates added value.
- The portfolio transitioned to an emerging markets ex-China fund in February.
- Emerging market equities outpaced developed markets in the first quarter as the consensus around US exceptionalism began to unwind.
- The emergence of Chinese AI start-up DeepSeek, combined with a tariff-inclined Trump, appears to have provided the downside surprise.
Fund performance
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abrdn Emerging Markets ex-China Fund Q1 2025 Commentary
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