Explore Every Angle

Commodities generally performed well in a volatile first quarter that was dominated by energy and the Iran conflict.

Brazilian equities gained in 1Q26, supported by commodities, easing policy expectations, and valuations, though BRAZ lagged the broader market.

Emerging markets were relatively resilient in a volatile 1Q26, with mixed performance across segments.

Emerging markets ex-China showed resilience and gains in a volatile quarter, supported by commodities and attractive valuations.

Indian equities saw volatility in 1Q26, with active management shaping NDIA’s relative performance.