Wasatch Frontier Emerging Small Countries Fund Q1 2025 Commenatary

2025-05-21 12:03:00 ET

Summary

• In this environment, the Wasatch Frontier Emerging Small Countries Fund—Investor Class gained 0.29% during the quarter but underperformed the benchmark MSCI Frontier Emerging Markets Index.
• The largest detractor from Fund performance for the quarter was FPT Corp., a Vietnam-based company providing outsourced IT services.
• TBC Bank, a London-listed Georgian bank, was a top contributor to the Fund's performance.

Overview

Global equity markets were volatile in the first quarter, as uncertainty about tariffs and a potential softening of the U.S. economy weighed on markets. However, a weakening dollar buoyed equities in emerging and frontier markets, which outperformed U.S. stocks....

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