MLTTY - Allspring Emerging Markets Equity  Fund Q4 2024 Commentary

2025-02-21 03:10:00 ET

Summary

• The MSCI EM Index fell 8.01% in Q4, driven by U.S. elections, trade policy uncertainty, and a strong dollar.
• The Allspring Emerging Markets Equity Fund outperformed its benchmark, the MSCI Emerging Markets (EM) Index (Net), over the three-month period that ended December 31, 2024.
• The fund underperformed its benchmark over the 12-month period.
• The largest contributors to quarterly performance included Taiwan, Singapore, industrials, and materials, while the largest detractors included Brazil, United Arab Emirates (UAE), financials, and energy.

Market review

The MSCI EM Index (Net) declined 8.01% in the quarter as the index fell sharply in October and November....

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