Artisan Sustainable Emerging Markets Fund Q1 2025 Commentary

2025-04-24 01:25:00 ET

Summary

• Emerging markets equities demonstrated resilience in Q1 against a backdrop of heightened geopolitical uncertainty and shifting macroeconomic dynamics.
• Top relative contributors in Q1 included Gentera, Wuxi Biologics and MTN Group.
• During Q1, we initiated positions in Nova Ljubljanska Banka and Compañía de Minas Buenaventura.

Portfolio Discussion

Emerging markets ((EM)) equities demonstrated resilience in Q1 against a backdrop of heightened geopolitical uncertainty and shifting macroeconomic dynamics. President Donald Trump’s return to office and his early executive actions—particularly those related to tariffs and global trade—increased volatility. Additionally, persistent conflicts in Ukraine and the Middle East weighed on global risk sentiment. Meanwhile, China’s rapid advances in artificial intelligence spurred renewed interest in the country’s tech sector and prompted a reassessment of growth prospects across industries. Still, concerns around China’s structural slowdown and fragile consumer confidence persisted, tempering optimism within the broader asset class. China and Brazil were the main contributors to the MSCI Emerging Markets Index in Q1, while Taiwan and India were the primary detractors. Our portfolio outperformed the benchmark for the period....

Read the full article on Seeking Alpha

For further details see: