Emerging market fund rises 3.19% in Q2, led by Latin American oil stocks amid Middle East supply disruptions

The fund gained 3.19% in the quarter, outperforming its benchmark which fell 0.10%. Strong performance in Latin America, especially from Brazilian oil producers Petrobras and Prio, was driven by rising oil prices due to supply issues in the Middle East. However, HDFC Bank in India detracted from returns due to concerns over slowing deposit growth affecting loan expansion. The fund focuses on technology, infrastructure, and domestic brands as key growth drivers in emerging markets.