Ashoka WhiteOak Emerging Markets Trust plc Reports 24.49% Return for Q2 2026
Ashoka WhiteOak Emerging Markets Trust plc announced a 24.49% return for the second quarter of 2026, outperforming its benchmark by 1.24%. Key contributors were technology-focused companies.
Ashoka WhiteOak Emerging Markets Trust plc has released its update for the second quarter of 2026, ending June 30. The fund reported a total return of 24.49% for the quarter, surpassing its benchmark index by 1.24 percentage points.
The fund's performance was significantly influenced by strong gains in several technology-related holdings. Sk Hynix saw a notable increase of 222.6%, MediaTek rose by 184.1%, and Elite Material gained 106.7%. These investments were primary drivers of the fund's positive results.
Conversely, the fund experienced declines in other positions. Tencent decreased by 10.8%, Laopu Gold fell 43.7%, and China Hongqiao Group was down 39.5%. These detractors impacted the overall return for the period.
The broader MSCI EM index, which serves as a benchmark for emerging markets, increased by 23.3% during the second quarter. The Ashoka WhiteOak Emerging Markets Trust fund's performance indicated a clear outperformance relative to the general market trend.