The Fund Declined 7.35% in Q4 2024

Despite a challenging quarter, the Fund managed to outperform the MSCI Emerging Markets Index, showcasing its resilience and ability to weather market fluctuations. While it slightly lagged behind the MSCI Emerging Markets IMI Growth Index, the Fund’s performance was commendable given the overall economic climate.

Top Contributors

Taiwan Semiconductor Manufacturing Company Limited and HD Hyundai Heavy Industries Co., Ltd. were standout performers during the quarter. Their strong demand and technological leadership propelled them to the top of the list of contributors to the Fund’s performance.

Top Detractors

On the other hand, Swiggy Limited and Alibaba Group Holding Limited faced challenges during the quarter. Swiggy’s IPO underperformed expectations, impacting its contribution to the Fund. Alibaba also struggled with domestic commerce growth challenges, leading to its performance as a top detractor.

Impact on Investors

For individual investors, the Fund’s decline in Q4 2024 may have resulted in a temporary setback in their investment portfolios. However, the outperformance compared to benchmark indices highlights the Fund’s potential for long-term growth and stability.

Global Implications

On a global scale, the Fund’s performance can be seen as a reflection of the broader economic landscape. Factors such as technological advancements, market demand, and geopolitical challenges all play a role in shaping the Fund’s performance and, by extension, the global economy.

Conclusion

In conclusion, the Fund’s decline in Q4 2024 serves as a reminder of the inherent volatility of the financial markets. While there may be short-term fluctuations, it is essential for investors to focus on the Fund’s long-term potential and performance relative to benchmark indices. By staying informed and maintaining a diversified investment strategy, investors can navigate through market challenges and position themselves for growth in the future.