Goldman Sachs Emerging Markets Fund Underperforms in Q4

Goldman Sachs Emerging Markets Fund Underperforms in Q4
The Goldman Sachs Emerging Markets Equity Insights Fund returned 3.78% in the fourth quarter of 2025, trailing the MSCI Emerging Markets Index by 95 basis points on a net basis. Despite the modest underperformance, the fund's Themes and Trends strategy delivered positive contributions for a third consecutive quarter, driven primarily by strength in Taiwan and Korea as investor sentiment around artificial intelligence and related industries improved. However, the High-Quality Business Models segment detracted from returns, with particular weakness in Financial stocks and higher-growth Chinese market segments. The Fundamental Mispricings strategy remained relatively flat during the period. Overall, emerging market equities demonstrated continued dispersion throughout the quarter, with the broader index posting a 4.