NTES - BlackRock Sustainable Emerging Markets Equity Fund Q1 2025 Commentary
2025-05-15 02:16:00 ET
Summary
- BlackRock Sustainable Emerging Markets Equity Fund posted returns of 1.31% (Institutional shares) and 1.25% (Investor A shares, without sales charge) for the first quarter of 2025.
- Stock selection in China and Taiwan detracted from relative performance, while stock picking in South Africa and an overweight exposure to Hungary contributed.
- By country, the largest overweight position was in Mexico, followed by Indonesia and Hungary, while the largest underweight exposures were to India, Saudi Arabia, Taiwan.
Average annual total returns (%) as of 3/31/25
1Q25 (not annualized) |
YTD (not annualized) |
1 Year |
3 Year |
5 Years |
10 Years |
Institutional |
1.31 |
1.31 |
4.95 |
-0.65 |
4.60 |
2.01 |
Investor A (Without Sales Charge) |
1.25 |
1.25 |
4.68 |
-0.87 |
4.34 |
1.77 |
Investor A (With Sales Charge) |
-4.06 |
-4.06 |
-0.81 |
-2.64 |
3.22 |
1.22 |
MSCI All Country Asia ex Japan in USD - NET 2 |
1.81 |
1.81 |
11.34 |
1.79 |
7.21 |
4.23 |