Market and Performance Overview - Emerging markets advanced 4.7% in Q4 2025, finishing as one of the best-performing global equity asset classes, with the MSCI Emerging Markets Index rising 33.6% for the year, outperforming the MSCI EAFE Index (+31.2%) and the U.S. S&P 500 Index (+17.9%) [2] - Performance in Q4 was led by Korea and Taiwan, with Korean equities soaring 27.3% driven by a 50% gain in the IT sector, while Taiwanese stocks climbed 10.4% due to AI-related momentum [3] Sector Performance - The IT sector gained 16.4%, bolstered by AI-related stocks, while the materials sector advanced 11.6% as gold prices rose over 10% and copper prices hit record highs [6] - Energy, financials, and industrials sectors outperformed the index, while consumer discretionary, communication services, health care, and real estate underperformed [6] Company Highlights - SK Hynix saw its shares soar over 80% in Q4 and nearly tripled for the year due to increased demand for DRAM and NAND memory, particularly for AI workloads [7] - Samsung Electronics also experienced strong performance, benefiting from memory shortages that enhanced pricing power [7] - Taiwan Semiconductor, a leading manufacturer of high-end chips for Nvidia, significantly outperformed the benchmark [7] Regional Contributions - Significant contributors included China's Sieyuan Electric and Korea's HD Hyundai Electric, supporting AI data center buildouts [10] - Capitec Bank in South Africa delivered strong financial results, while Titan, an Indian jewelry retailer, showed encouraging performance despite India's overall underperformance [10] Detractors - Alibaba and Tencent surrendered gains due to a broader rotation out of China, while Contemporary Amperex Technology also faced declines [11] - MercadoLibre remained weak amid competition concerns in Brazil, and Apollo Hospitals detracted due to its large portfolio weight in a lagging Indian market [12] Portfolio Positioning - The strategy added four new positions, including Raia Drogasil and Nu Holdings in Brazil, while exiting positions in B3 S.A. and Proya Cosmetics [13][14][17] - Upgraded exposure in Indonesia by replacing PT Bank Rakyat Indonesia with PT Bank Central Asia, which has a strong deposit franchise [15] Outlook - The emerging market recovery is viewed as being in its early stages, with appealing valuations and supportive macroeconomic drivers [18] - Anticipated increased foreign investments into EM equities, driven by lower valuations and stronger economic growth [19] - The Chinese economy shows signs of increased stability, with improved trade relations and a more optimistic outlook [20] - Emerging markets offer opportunities in world-class companies with technological innovation, particularly in sectors like industrial automation, e-commerce, and fintech [21] - India remains a focus due to its large population and status as the fastest-growing major global economy, despite challenges faced in 2025 [22] Portfolio Highlights - The ClearBridge Emerging Market Strategy outperformed its benchmark in Q4, with gains across five of the nine sectors invested [23] - Stock selection in IT and industrials sectors contributed positively, while communication services and an underweight in materials detracted from performance [24] - Leading contributors included SK Hynix, Samsung Electronics, and Capitec Bank, while Tencent, Alibaba, and MercadoLibre were primary detractors [25]

智通财经APP讯，宁德时代(03750)发布公告，宁德时代新能源科技股份有限公司2026年面向专业投资者 公开发行科技创新公司债券(第一期)(以下简称"本期债券")发行规模为30亿元，发行价格为每张100元， 采取网下面向专业机构投资者询价配售发行的方式。 本期债券发行时间为2026年2月12日，发行规模为30亿元，票面利率为1.69%，认购倍数为2.48。 ...

宁德时代（300750）(03750)发布公告，宁德时代新能源科技股份有限公司2026年面向专业投资者公开 发行科技创新公司债券(第一期)(以下简称"本期债券")发行规模为30亿元，发行价格为每张100元，采取 网下面向专业机构投资者询价配售发行的方式。 本期债券发行时间为2026年2月12日，发行规模为30亿元，票面利率为1.69%，认购倍数为2.48。 ...

Core Viewpoint - Ningde Times has received approval from the China Securities Regulatory Commission to publicly issue corporate bonds totaling up to RMB 50 billion, with an initial issuance of RMB 30 billion at a coupon rate of 1.69% [1] Group 1: Bond Issuance Details - The company plans to issue the first phase of technology innovation corporate bonds, with a total issuance scale of RMB 30 billion [1] - The bonds will be issued at a price of RMB 100 per bond, utilizing a non-public inquiry and allocation method targeted at professional institutional investors [1] - The issuance date for these bonds is set for February 12, 2026, with a subscription multiple of 2.48 [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部份內容而產生或因倚賴 該等內容而引致之任何損失承擔任何責任。 海外監管公告 寧德時代新能源科技股份有限公司2026年 面向專業投資者公開發行科技創新公司債券（第一期）發行結果公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 寧德時代新能源科技股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：3750） 茲載列寧德時代新能源科技股份有限公司（「本公司」）於深圳證券交易所網站 （http://www.szse.cn/ ）及巨潮資訊網( www.cninfo.com.cn )所發佈之《寧德時代新能 源科技股份有限公司2026年面向專業投資者公開發行科技創新公司債券（第一期） 發行結果公告》，僅供參閱。 承董事會命 寧德時代新能源科技股份有限公司 董事長、執行董事兼總經理 曾毓群先生 中國•寧德，二零二六年二月十二日 於本公告日期，本公司董事會成員包括執行董事曾毓群先生、潘健先生、李平先 生、周佳先生、歐陽楚英博士及吳映明先生 ...

| 1000 1000 | 大股東/董事/最高行政人員名 作出披露的 買入 / 賣出或涉及的 每股的平均價 | | | | 持有權益的股份數目 佔已發行的 有關事件的日期 | | --- | --- | --- | --- | --- | --- | | | 版分或目 | | | (龍多國上述*註 | 有投票權版(目/月/年) | | | | | | | 金百分市 | | CS20260211E00255 | JPMorgan Chase & Co. HKD 501.9596 | 1101(L) | 399.882(L) | 14.148.667(L) | 9.07(L)06/02/2026 | | | | | | 11,583,962(S) | 7.42(S) | | | | | | 2,781,710(P) | 1.78(P) | 增持后，JPMorgan Chase & Co.最新持好仓数目为1414.87万股，持好仓比例由8.81%上升至9.07%。 格隆汇2月12日丨根据联交所最新权益披露资料显示，2026年2月6日，宁德时代(03750.HK)获JPMorgan Chase & Co.以每股均价5 ...

来源：格隆汇APP 格隆汇2月12日丨根据联交所最新权益披露资料显示，2026年2月6日，宁德时代(03750.HK)获JPMorgan Chase & Co.以每股均价501.9596港元增持好仓39.99万股，涉资约2.01亿港元。 增持后，JPMorgan Chase & Co.最新持好仓数目为1414.87万股，持好仓比例由8.81%上升至9.07%。 | 股份代號: | 03750 | | | --- | --- | --- | | 上市法國各國 | 事德時代新能源科技股份有限公司 -H股 | | | 日期(日/月/年): | 12/01/2026 - 12/02/2026 | | | | 如欲觀看技露爆益過知之内容,晴於「判關事件的日期」機按下有解連結 · | | | | * 起解:(L)·好血(S) - 没血(P)-可供雷出的股份 | | | 金程度假 | 大股票(董事)静建行动入餐名 作出按窗的 青入 / 婴出成治及的 ,每股的带集团 | 持有量益的股份數目 钻已發行鈔 有關聯術的日期相關注國股份 禮權增權益 | | | 原因 - 级分散目 | 【感金属上线"日 商品黑咖啡(日)月/年) 服益 ...

Group 1 - The core viewpoint of the article is that Haibosichuang has established a significant strategic partnership with CATL, focusing on collaboration in energy storage system cell products [1] - The company emphasizes the importance of a long-term and stable strategic cooperation with CATL, which is expected to create a synergistic competitive advantage [1] - This partnership is anticipated to enhance the efficient allocation of resources between the two companies, leading to mutual benefits and improved stability in the company's supply chain [1]

Core Viewpoint - Morgan Stanley has increased its stake in Contemporary Amperex Technology Co., Limited (CATL) by acquiring 399,882 shares at a price of HKD 501.96 per share, totaling approximately HKD 201 million, raising its total holdings to about 14.15 million shares, which represents a 9.07% ownership stake [1] Group 1 - Morgan Stanley's recent acquisition of shares indicates a strong confidence in CATL's market position and future growth potential [1] - The total investment of approximately HKD 201 million reflects a significant commitment to CATL, suggesting positive expectations for the company's performance [1] - The increase in ownership percentage to 9.07% may influence market perception and investor sentiment towards CATL [1]

香港联交所最新资料显示，2月6日，摩根大通增持宁德时代（300750）(03750)39.9882万股，每股作价 501.9596港元，总金额约为2.01亿港元。增持后最新持股数目约为1414.87万股，最新持股比例为 9.07%。 ...