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ETFs and Funds Analysis

ETF Analysis

Summary

The Fund rose by 3.19% over the quarter, finishing ahead of the benchmark's fall of 0.10%.

In Brazil, state-owned oil producer Petrobras and independent junior oil producer Prio were buoyed by rising oil prices following supply disruptions in the Middle East.

HDFC Bank was the top stock detractor over the quarter, weighed down by market concerns that slowing deposit growth could limit the rate of loan growth.

Emerging market equities gave up earlier gains to end the quarter modestly lower in US dollar terms, though they outpaced developed markets.

The Fund's investment focus is on three structural developments—technology as a platform, infrastructure and domestic brands—which management believes will drive sustained earnings growth across emerging markets.

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Fund Performance

The Fund rose by 3.19% over the quarter, finishing ahead of the benchmark's fall of 0.10%.

At the stock level, there were a number of bright spots…