In its annual results published today (18 June), AWEM reported a net asset value total return of 11.8% for the period between its listing on 15 March 2023 and 31 March 2024. This compared to a 7.9% return from its benchmark, the MSCI Emerging Markets index. Chair Martin Shenfield commended the trust's investment manager, Acorn Asset Management, for its bottom-up stock selection approach which has been a «key driver of performance», despite the challenges faced by emerging markets over the period. He explained the approach supported the manager's «overweighting of mid- and small-cap st...
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