Northern Active M Emerging Markets Equity Fund Q1 2026 Commentary
The Northern Active M Emerging Markets Equity Fund reported a return of 4.62% in Q1 2026, outperforming its benchmark. This performance comes amidst a slight decline of the MSCI Emerging Markets Index, which fell by 0.17%. Key contributors to the fund's success included strong stock selection in consumer discretionary and communication sectors.
- ▪The MSCI Emerging Markets Index declined -0.17% in Q1 2026.
- ▪Taiwan and South Korea equity markets gained 9.09% and 16.54% respectively.
- ▪The Active M Emerging Markets Equity Fund outperformed its benchmark due to strong stock selection.
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