Fidelity Emerging Markets Limited (LON:FEML) has announced its monthly factsheet for September 2023.
Emerging markets declined in September and marginally underperformed developed markets. US Treasury yields reached near multi-year highs after the US Federal Reserve signalled that interest rates could remain higher for longer. A rise in oil prices added to concerns about continued inflationary pressures. On a positive note, the People’s Bank of China’s monetary policy support for the economy buoyed markets. All regions posted negative returns, led by Emerging Europe, Middle East, and Africa (EMEA), followed by Emerging Asia and Latin America.
