$FXI

The John Hancock Emerging Markets Debt Fund's Q4 2025 commentary reveals insights into the performance and strategies of emerging market debt amid a volatile economic landscape. The fund highlights resilience in select emerging market countries despite global interest rate hikes and geopolitical tensions. Investor sentiment appears cautiously optimistic due to a rebound in commodity prices, which could bolster certain economies. However, risks remain, particularly from potential inflationary pressures and currency fluctuations. Overall, the commentary suggests a selective approach to emerging market investments, emphasizing careful stock selection based on economic fundamentals.

China's exports have significantly exceeded expectations, resulting in a record-high trade surplus for the first two months of the year. This surge suggests a strong recovery in external demand for Chinese goods, likely influenced by earlier easing of COVID-related restrictions. Analysts interpret this positive trend as a sign of resilience in the global economy, which could drive further economic growth in China. Additionally, the robust trade figures may strengthen the yuan against other currencies. Investors are likely to respond to this news by focusing on companies with exposure to exports and international trade.