The fund added four stocks and beat the MSCI Emerging Markets Index by 24.1% on South Korea selection.
ClearBridge’s Emerging Markets Strategy returned 24.1% above the MSCI Emerging Markets Index in the second quarter. Performance was driven by stock selection in South Korea, the fund manager said.
The fund initiated positions in Accton Technology, Elite Material, Prio (PTRRY), and SK Square during the quarter. No prior holdings or consensus expectations were disclosed for comparison.
No immediate market reaction was reported following the disclosure.