Insights

The re-election of Donald Trump has given investors globally a wake-up call, and it is making EM great again.

The main stock-market indices are soaring to record highs despite the uncertain economic climate. Yet beyond the risk of euphoria, the fundamentals remain solid – and some regions could deliver favourable surprises.

Find out our views and positioning on the Fund for the second quarter of 2025.

Given the shifts seen in 2025 to date, what are the effects of currency movements and foreign exchange (FX) hedging on company top and bottom lines?