📈   Artisan Developing World Fund Q1 2024 Commentary

The Artisan Developing World Fund (Investor Class) returned 11.09% for the quarter ended March 31, 2024, versus 2.37% for the MSCI Emerging Markets Index (all returns in USD unless stated otherwise). Since June 30, 2015, the Artisan Developing World Fund has returned 117.20% cumulatively, versus 32.20% for the MSCI Emerging Markets Index. There were few outsized movers in emerging markets despite expectations for rate cuts entering the year. Notably, potentially concerning signals from employment and inflation data were largely offset by Federal Reserve commentary regarding labor supply. Emerging currencies declined during the quarter (-0.92%) as rate cut expectations were pushed out.

seekingalpha.com     Apr 25, 2024