Templeton International ADR Equity SMA Q1 2025 Commentary

May 01, 2025 11:29:00 pm

Source: SeekingAlpha

2025-05-01 23:29:00 ET

Summary

On the economic front, global manufacturing activity expanded in March for the third consecutive month, and flash reports for March showed that global services activity continued to grow in several regions during the quarter.
As measured by MSCI indexes in US-dollar terms, developed market equities modestly underperformed a global index, while emerging market and frontier market equities significantly outpaced it with positive results.
Developments since the start of the year lead us to believe that it is reasonably likely that the extraordinary outperformance of US stocks versus the rest of the world since the global financial crisis could be over.

Average Annual Total Returns (USD %)

	3 Mths	YTD	1 Year	3 Year	5 Year	10 Year	20 Year	Since Inception (11/30/1999)
Templeton International ADR Equity SMA - Pure GROSS	6.72	6.72	11.74	11.08	14.59	5.24	5.19	4.78
Templeton International ADR Equity SMA - NET	5.95	5.95	8.50	7.86	11.28	2.80	3.23	2.98
MSCI All Country World ex- US Index-NR	5.23	5.23	6.09	4.48	10.92	4.98	5.22	4.42
MSCI EAFE Index-NR	6.86	6.86	4.88	6.05	11.77	5.40	5.17	4.17