Ashoka Whiteoak Share News (AWEM)

(Alliance News) - Ashoka WhiteOak Emerging Markets Trust PLC on Monday said it outperformed its benchmark index by 0.4% in the third quarter of 2025, as it noted a strong performance from Delta Electronics.

Ashoka WhiteOak said the fund was up 13.0%, while the benchmark MSCI EM index advanced 12.6%.

The trust added that it outperformed other global indices such as US equities (S&P 500) and MSCI World which returned 10.1% and 9.3% respectively.

Key contributors to performance were Delta Electronics, which more than doubled, Sambhv Steel Tubes which rose 31% and Contemporary Amperex Technology which advanced 64%.

However, dragging on performance, OneSource fell 18%, InPost was 25% lower, and CAMS was down 13%.

Shares in the trust were 0.7% lower at 145.04 pence on Monday afternoon in London.

"For the quarter, Materials and Communication Services outperformed, while Energy and Financials underperformed. Large caps outperformed Small and Mid caps this quarter. Among major EM markets, South Africa and Taiwan outperformed, while India and Indonesia underperformed," the trust said.

By Christopher Ward, Alliance News reporter

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