Emerging markets equities advanced 4.7% in the fourth quarter, according to the MSCI Emerging Markets Index. The Lazard Emerging Markets Equity Portfolio delivered strong gains, surpassing its benchmark index.
Key Company Developments
SK Hynix achieved record third-quarter earnings, driven by surging demand for its AI-related chips. In contrast, Alibaba Group shares declined amid profit-taking following substantial recent price increases.
Market Overview
Risk sentiment in emerging markets stayed robust during the quarter, fueled by investor excitement over artificial intelligence advancements. Global growth dynamics supported this resilience.
Outlook
Lazard Asset Management maintains a positive stance on emerging markets, provided global economic expansion remains steady and balanced.
