
SGA’s Emerging Markets Growth portfolio returned 11.2% (gross) and 11.0% (net) in Q4, compared to 9.7% and 9.6% for the MSCI EM and EM Growth Indices, respectively. Year-to-date the SGA Emerging Markets portfolio has returned -12.4% (gross) and -13.1% (net) compared to -20.1% and -24.0% for the MSCI EM and EM Growth Indices, respectively.
Emerging Markets Growth annualized returns: 1 Year -12.4% (gross), -13.1% (net); 5 Year 2.8% (gross), 1.9% (net); Since Inception: 5.2% (gross), 4.3% (net).
MSCI EM (Net TR) annualized returns: 1 Year -20.1%; 5 Year -1.4%; Since Inception: 1.1%.