A research produced by
The Fund’s outperformance was largely a result of the Fund’s holdings in the consumer discretionary and financials sectors performing better than their counterparts in the benchmark.
From a country standpoint, the Fund’s Brazilian and Hong Kong holdings contributed the most to the Fund’s relative performance.
Currency exchange detracted 4.2% from the Fund’s performance over the quarter as the Canadian dollar’s performance, in aggregate, was strong against emerging-market currencies. By comparison, the foreign-currency impact on the benchmark (also expressed in Canadian dollars) decreased its performance by approximately 4.3%.
Source : Invesco
