NVDA - Artisan Sustainable Emerging Markets Fund Q1 2024 Commentary

2024-04-24 11:50:00 ET

Summary

• Artisan Partners is an independent investment management firm focused on providing high value-added, active investment strategies to sophisticated clients globally.
• Top relative contributors in Q1 included Taiwan Semiconductor Manufacturing Company, E Ink and Vista Energy. TSMC is the world's largest dedicated chip foundry.
• EM economies are traversing various stages in their economic cycles.

Portfolio Discussion

Emerging markets ((EM)) equities fared well in Q1, with the MSCI Emerging Markets Index posting positive returns to start the new year. Early signs of progress in combating inflation prompted several EM central banks to start easing monetary policy, providing long-awaited relief to interest rates and bolstering growth prospects. Nevertheless, geopolitical tensions persist, posing a challenge for the asset class....

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