Major AI sector selloff and tech correction
Technology equities tumbled with Nasdaq dropping nearly 6%, marking its worst session since April 2025. AI-related stocks declined sharply, dragging the S&P 500 down significantly.
Funds in our coverage with Mediatek INC among their ten largest positions, with about £3.6B of those funds’ assets in it. FE fundinfo data, to 31 Oct 2026.
| 5Y | Volatility | Quartile | ||||||
|---|---|---|---|---|---|---|---|---|
| FSSA Global Emerging Markets Focus FundFirst Sentier Group | Active | 7.01% | +18.4% | Pro | Pro | 0.04% | £475.2M | Free account |
| Stewart Investors Global Emerging Markets Leaders FundFirst Sentier Group | Active | 7.00% | +15.6% | Pro | Pro | 1.45% | £300.3M | Free account |
| Stewart Investors Global Emerging Markets All Cap FundFirst Sentier Group | Active | 7.00% | +9.2% | Pro | Pro | 1.70% | £158.7M | Free account |
| WisdomTree Emerging Markets High Dividend FundWisdomTree | Not classified | 6.77% | +27.0% | Pro | Pro | 0.63% | n/a | Free account |
| UBS Global Emerging Markets Equity FundUBS | Active | 5.87% | +3.2% | Pro | Pro | 0.81% | £1.5B | Free account |
| FSSA Greater China Growth FundFirst Sentier Group | Active | 5.75% | +13.6% | Pro | Pro | 1.64% | £518.2M | Free account |
| Stewart Investors Asia Pacific Leaders FundFirst Sentier Group | Active | 5.50% | +11.1% | Pro | Pro | 1.50% | £3.6B | Free account |
| FSSA Asian Equity Plus FundFirst Sentier Group | Active | 5.48% | n/a | Pro | Pro | 0.04% | £4.4B | Free account |
| Sustainable Emerging Markets Equity FundMorgan Stanley Investment Management | Active | 5.26% | +42.0% | Pro | Pro | 0.99% | £594.9M | Free account |
| Schroder Asian Alpha Plus FundSchroders | Active | 4.72% | +15.3% | Pro | Pro | 0.84% | £1.7B | Free account |
| China Value FundManulife | Active | 4.65% | n/a | Pro | Pro | 1.50% | £589.3M | Free account |
| Schroder Asian Income FundSchroders | Active | 4.60% | +27.2% | Pro | Pro | 0.50% | £1.8B | Free account |
| Greater ChinaSchroders | Active | 4.56% | +13.8% | Pro | Pro | 1.84% | £2.0B | Free account |
| Advanced Emerging Markets Screened Index Equity Sub-FundState Street Global Advisors | Passive | 4.45% | +61.5% | Pro | Pro | n/a | £107.5M | Free account |
| Asian OpportunitiesSchroders | Active | 4.25% | +33.7% | Pro | Pro | 2.35% | £5.2B | Free account |
| DWS Invest ESG Global Emerging Markets EquitiesDWS | Active | 4.20% | +30.5% | Pro | Pro | 0.83% | £663.0M | Free account |
| Asia Equity ESG FundFidelity | Active | 4.10% | +8.9% | Pro | Pro | 1.92% | £2.5B | Free account |
| Asian Special Situations FundFidelity | Active | 4.10% | +21.1% | Pro | Pro | 1.92% | £2.2B | Free account |
| Asia Equity II ESG FundFidelity | Active | 4.10% | +11.8% | Pro | Pro | 1.18% | £1.1B | Free account |
| Fidelity Asia FundFidelity | Active | 4.04% | +22.6% | Pro | Pro | 0.93% | £3.3B | Free account |
| Templeton Emerging Markets Investment Trust PLCFranklin Templeton | Active | 3.84% | +27.8% | Pro | Pro | n/a | £3.0B | Free account |
| BNY Mellon Sustainable Global Emerging MarketsBNY Mellon | Not classified | 3.69% | n/a | Pro | Pro | n/a | £8.6M | Free account |
| BNY Mellon Sustainable Global Emerging MarketsBNY Mellon | Not classified | 3.69% | n/a | Pro | Pro | n/a | £8.6M | Free account |
| HSBC MSCI EMERGING MARKETS ISLAMIC SCREENED CAPPED UCITS ETFHSBC | Passive | 3.67% | +83.4% | Pro | Pro | 0.35% | £133.5M | Free account |
| Ethical Emerging Markets ValueSparinvest | Active | 3.63% | +42.6% | Pro | Pro | 1.44% | £25.6M | Free account |
| Emerging AsiaSchroders | Active | 3.24% | +9.6% | Pro | Pro | 2.34% | £4.9B | Free account |
| Asian Equity FundNinety One | Active | 3.20% | +15.2% | Pro | Pro | 0.99% | £2.5B | Free account |
| Global Environmental OpportunitiesPictet | Active | 3.07% | +11.5% | Pro | Pro | 1.99% | £4.1B | Free account |
| Swisscanto (LU) Equity Fund Sustainable Emerging MarketsSwisscanto | Active | 2.71% | +33.7% | Pro | Pro | 2.06% | £825.4M | Free account |
| Fidelity Emerging Markets Quality Income UCITS ETFFidelity | Passive | 2.70% | +41.9% | Pro | Pro | 0.50% | £164.4M | Free account |
| Goldman Sachs Emerging Markets Equity PortfolioGoldman Sachs Asset Management | Active | 2.69% | +10.7% | Pro | Pro | 1.96% | £3.2B | Free account |
| Emerging Markets Equity Income FundBlackRock | Active | 2.63% | +26.1% | Pro | Pro | 1.90% | £175.0M | Free account |
| Lazard Emerging Markets Equity FundLazard Asset Management | Not classified | 2.61% | +48.2% | Pro | Pro | 1.15% | £273.1M | Free account |
| Emerging Markets Equity FundNinety One | Active | 2.60% | +40.2% | Pro | Pro | 1.46% | £726.6M | Free account |
| Fidelity Responsible Emerging Markets Equity FundFidelity | Active | 2.60% | +20.5% | Pro | Pro | 0.97% | £33.8M | Free account |
| Schroder Global Emerging Markets FundSchroders | Active | 2.41% | +33.7% | Pro | Pro | 1.72% | £924.1M | Free account |
| Emerging MarketsSchroders | Active | 2.39% | +12.5% | Pro | Pro | 1.83% | £5.9B | Free account |
| Asia Pacific Sustainable Equity FundAberdeen Group plc | Active | 2.30% | +30.4% | Pro | Pro | 1.93% | £1.0B | Free account |
| abrdn Asia Pacific Equity FundAberdeen Group plc | Active | 2.30% | +28.5% | Pro | Pro | 1.31% | £588.1M | Free account |
| Candriam Sustainable Equity Emerging Markets Ex-ChinaCandriam | Active | 2.30% | +66.8% | Pro | Pro | 1.06% | £41.4M | Free account |
| Aviva Life abrdn Asia Pacific Sustainable Equity OLAviva Life & Pension | Not classified | 2.30% | +26.9% | Pro | Pro | 2.35% | £9.7M | Free account |
| Robeco Asia-Pacific EquitiesRobeco | Active | 2.14% | +18.3% | Pro | Pro | 1.00% | £1.7B | Free account |
| DWS ESG Top AsienDWS | Active | 2.10% | +11.9% | Pro | Pro | n/a | £2.2B | Free account |
| NT Emerging Markets Multifactor Select Equity FundNorthern Trust | Passive | 2.07% | +38.3% | Pro | Pro | 0.08% | £188.3M | Free account |
| Emerging Markets EquityEdmond de Rothschild | Active | 2.05% | +23.5% | Pro | Pro | 1.10% | £545.9M | Free account |
| Emerging Markets Equity ClimateAmundi | Active | 2.04% | +24.5% | Pro | Pro | 1.88% | £15.6M | Free account |
| NT Emerging Markets Quality Select Equity FundNorthern Trust | Passive | 1.93% | +20.6% | Pro | Pro | 0.19% | £1.4B | Free account |
| Pacific Index FundHSBC | Passive | 1.92% | +67.0% | Pro | Pro | 0.32% | £1.2B | Free account |
| Goldman Sachs Emerging Markets CORE® Equity PortfolioGoldman Sachs Asset Management | Active | 1.92% | +14.4% | Pro | Pro | 1.56% | £3.4B | Free account |
| Vanguard ESG Emerging Markets All Cap Equity Index FundVanguard | Passive | 1.84% | +18.1% | Pro | Pro | 0.25% | £869.7M | Free account |
Weight is the share of each fund in this company. Returns are GBP, to month end. FE quartile compares a fund with its FE sector over the same year. Fund size is in GBP. Source: FE fundinfo. Past performance is not a reliable guide to future returns.
Technology equities tumbled with Nasdaq dropping nearly 6%, marking its worst session since April 2025. AI-related stocks declined sharply, dragging the S&P 500 down significantly.
Following Democratic election victory, Brent crude fell nearly 9% below $95/barrel and European TTF gas fell 4% as markets anticipated reduced U.S.-Iran conflict escalation risks.
The US held midterm elections as markets remained uncertain about Iran diplomatic prospects. Reports indicated the US and Israel had contingency plans for renewed military action after the elections.
The major cryptocurrency exchange Binance experienced a significant $6.3 billion hack that dominated investor attention. Bitcoin declined 2.24% for the week as crypto markets faced selling pressure from AI spending co...
The US government approved a major weapons sale to Ukraine, reinforcing defense spending tailwinds amid ongoing geopolitical conflicts.
A major global cyberattack on Binance resulted in an estimated $6.3 billion loss, described as potentially the largest crypto heist ever according to Chainalysis. The impact spread across crypto markets immediately in...
The Nasdaq suffered its worst day since June as investors dumped technology and AI stocks. Advanced Micro Devices fell 11%, Nvidia dropped 4%, and Broadcom fell 5% amid AI sector scrutiny.
The Department of Homeland Security imposed a UFLPA blockade on October 29, 2026, against Chinese genomics giants BGI Group and MGI Tech due to biosecurity concerns.
The Bank of Canada increased its overnight rate by 25 basis points to 2.5%, the first rate hike since July 2023, citing persistent high oil prices and elevated inflation.
The World Bank reported that commodity prices are set to rise 23% in 2026 with energy prices climbing 32%, driven by Middle East conflict drawdown of oil inventories and disrupted grain shipments from geopolitical ten...
Israel conducted parliamentary elections to the Knesset on October 27, 2026, which decided the future of Prime Minister Benjamin Netanyahu amid ongoing Middle East tensions.
Anthropic's IPO filing announcement revived enthusiasm for the artificial intelligence sector. Semiconductor makers rallied with the iShares Semiconductor ETF gaining nearly 3%.
Counts events recorded in our market events log, not news volume. Information only, not advice.
Source: FE fundinfo. Holdings are each fund’s ten largest positions as reported, so a fund can have more of this company than shown or none at all. Returns are GBP to month end unless stated. Past performance is not a reliable guide to future returns. Capital is at risk. Information only, not advice or a recommendation.
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