In QuotedData’s morning briefing 26 March 2024

• JPMorgan Emerging EMEA Securities (JEMA) has announced that manager Pandora Omaset is pursuing other opportunities external to JPMorgan. Oleg Biryulyov continues to be the company’s Investment Manager supported by JPMorgan Asset Management’s investment management team and the investment process for the company’s portfolio management will remain unchanged.
• Ashoka WhiteOak Emerging Markets (AWEM) has provided a monthly update for February, highlight a 5.7% jump in NAV, ahead of the benchmark index by 28 basis points. Significant contributors for the month of February 2024 include Hermes (+18.7%, a global leader in luxury brands with significant exposure to EM consumers), Rashi Peripherals (+10.7%, India’s leading distributor of hardware products), and E Ink Holdings (+17.9%, a market leader in ePaper technology based out of Taiwan).
• VinaCapital Vietnam Opportunity Fund (VOF) announced its interim report for the period to December 31 2023. Over the six months period, the company’s NAV was broadly unchanged. Taking account of the dividend paid in December, the total return was 1.9% in USD terms and 1.0% for sterling investors.  The share price total return was 7.9%.  Over the same period the VN Index fell by 1.0%, again on a total return basis.