AVEM is trading 3% down today as escalating U.S.-Iran tensions drive a risk-off selloff in emerging-market equities.
- High-growth semiconductor and financial names are under pressure, with major holdings like TSMC, Samsung, and SK hynix dragging performance.
- Broader geopolitical stress and profit-taking in the technology sector are weighing on sentiment for the fund's large positions in Tencent and Alibaba.