The First Quarter’s Top and Bottom Non-U.S. Equity Funds
Russia’s invasion of Ukraine and inflation fears spark growth selloff and commodity rally.
Non-U.S. growth funds crumpled while value funds proved resilient in 2022’s first quarter amidst Russia’s invasion of Ukraine and inflation fears. The Morningstar Global Markets ex-U.S. Index was down about 13% at its low point on March 8, 2022, but subsequently recouped some of its losses. Overall, the Morningstar Global Markets ex-U.S. Index and the Morningstar Emerging Markets Index ended the quarter down a respective 5.5% and 5.9%, slightly underperforming the Morningstar U.S. Market Index’s 5.3% loss.
Andrew Daniels has a position in the following securities mentioned above: ODMAX, OAKIX, DODFX. Find out about Morningstar’s editorial policies.