Touchstone Sands Capital Emerging Markets Growth Fund Q1 2026 Commentary
Touchstone Investments·2026-06-16·via All Articles on Seeking Alpha
Summary
Touchstone Sands Capital Emerging Markets Growth Fund (Class A Shares, Load Waived) underperformed the MSCI Emerging Markets Index for the quarter ended March 31, 2026.
Emerging market equities, as measured by the MSCI Emerging Markets Index (MSCI EM), declined modestly in the first quarter.
The Fund's multiple declined from 18x to 14x in the first quarter, and the median Emerging Markets Growth business ended the quarter trading 24 percent below its 52-week high.
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Fund Highlights
Seeks to identify leading growth businesses that meet the following criteria:
Sustainable, above-average earnings growth
Leadership position in a promising business space
Significant competitive advantages / distinctive business franchise
