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Fund Selection Helps Aberdeen Emerging Markets Beat Benchmark
Thu, 18th Feb 2021 17:53
Aberdeen Emerging Markets Investment Co Ltd - closed-end investment company - Outperforms benchmark in financial year ended October 31, posting a net asset value total return per share of 8.9% compared to the 8.2% return of its benchmark, the MSCI Emerging Markets Net Total Return Index in sterling terms. NAV per share as at October 31 was 698.29 pence, up from 663.28p the year before.
Chair Mark Hadsley-Chaplin notes that: Fund selection contributed strongly to the outperformance during the year, with notable contributions from certain funds invested in China and South Korea. The same was also true in Eastern Europe. However, within these regions, the portfolio s underweight exposure to China and Taiwan, and overweight exposure to Russia and Columbia, detracted from an asset allocation point of view.
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