The Driehaus Emerging Markets Ex-China Equity Strategy declined 4.65% in the third quarter of 2026.
Relative results were weighed down primarily by information technology and materials.
South Korea was the largest contributor on a relative basis.
Taiwan and India were the largest detractors.
We seem to be at a moment where the 'good' things are well understood though not necessarily discounted.
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Market Overview
Emerging markets faced a volatile third quarter as investor sentiment shifted and markets reacted to concerns around AI, higher interest rates, and geopolitical tensions. Despite the market volatility, company earnings and business fundamentals remained generally strong, with
