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Genesis Emerging Markets NAV falls

19 February 2016 15:12

Genesis Emerging Markets Fund's net asset value per share fell by 10.1% to GBP5.72 in the six months the end of December.

This compares with an 11.6% fall in the MSCI EM (TR) Index in sterling terms.

Chairman Hélène Ploix said: "Emerging market returns were clearly extremely disappointing in the second half of 2015, as investors responded to slowing growth (principally in China, but in other markets too), further weakening in commodity prices, and an awareness of a lack of necessary reform in a number of developing countries (Brazil being a major example)."

At 3:12pm: (LON:GSS) Genesis Emerging Markets Fnd Ld share price was -1p at 435p

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