SGA's Emerging Markets Growth portfolio returned 7.1% (Gross) and 6.9% (Net) in Q4 versus 7.9% for the MSCI EM Index and 7.7% for the MSCI EM Growth Index.
Emerging Markets Growth annualized returns: 1 Year 7.2% (Gross), 6.3% (Net); 5 Year 6.7% (Gross), 5.8% (Net); Since Inception: 5.4% (Gross), 4.5% (Net).
MSCI EM Index annualized returns: 1 Year 9.8%; 5 Year 3.7%; Since Inception: 2.0%.