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Sign up nowChina (The Greater China Fund, Inc.): The MSCI Zhong Hua Index1 fell in March and was among the main laggards in the region, because of worries over continued policy tightening measures aimed at cooling the property market.
Download full commentaryGlobal Emerging Markets Update: Emerging stock markets fell in U.S. dollar terms in March. Generally upbeat U.S. economic data buoyed sentiment at first. However, the bank bailout in Cyprus and political uncertainty in Italy revived concerns over Europe’s debt crisis, while China’s continued policy tightening measures raised fears that the economy will slow further. Market performance was varied: countries with robust domestic fundamentals such as Mexico, Thailand and Turkey outperformed, whereas contagion risks in the Eurozone weighed on much of emerging Europe.
Download full commentaryIndonesia (Aberdeen Indonesia Fund, Inc.): Indonesian equities rose in March. Domestic interest returned, compensating for an outflow of foreign funds early in the month.
Download full commentaryLatin America (Aberdeen Latin America Equity Fund, Inc.): Latin American equities ended largely flat in March, outperforming the broader emerging markets asset class. Positive economic data from the U.S. was counterbalanced by concerns that Cyprus’ banking crisis heightened risks of contagion in Europe, despite the last-minute bailout deal. Commodity prices generally fell over the month, led by iron ore.
Download full commentaryAsian Equities (The Asia Tigers Fund, Inc.): Asian stock markets ended mixed in March. Initially, stocks were buoyed by generally positive economic news from the U.S. and Asia, and Japan’s improving outlook as the Abe government moved decisively to turn its economy around. However, regional benchmarks fell to a seven-month low at one point as Cyprus’ troubled banking sector reignited fears over sovereign risks in the Eurozone. Sentiment recovered somewhat after a revised bailout was accepted but the relief rally proved short-lived. Also hampering the rebound were concerns that the profitability of Chinese banks may be eroded by new transparency rules for investment products.
Download full commentaryIndia (The India Fund, Inc.): Indian equities ended largely unchanged in U.S. dollar terms in March, despite renewed domestic political uncertainty.
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