GURU.Markets stock price, segment price, and overall market index valuation
The company's share price Abrdn
Shares of Abrdn, a global asset manager, reflect the challenges of the traditional fund management industry. The chart is a story of outflows from actively managed funds and the company's attempts to diversify and adapt to the new reality.
Share prices of companies in the market segment - General asset management
The abrdn European Financials Income Fund (AEF) is a closed-end fund investing in equities and debt securities of European financial companies for high returns. We classify it as a General Asset Management fund. The chart below shows the performance of the European financial sector.
Broad Market Index - GURU.Markets
Abrdn is a UK-based global investment firm providing asset and wealth management services. Its international reach makes it a prominent player in the GURU.Markets index. The chart below represents the entire market. Find out how Abrdn shares compare to the overall market.
Change in the price of a company, segment, and market as a whole per day
AEF - Daily change in the company's share price Abrdn
The daily price change of the Abrdn (AEF) fund reflects the state of global stock markets and its portfolio. Change_co measures the volatility inherent in global investment funds. This metric is important for analyzing diversified funds on System.GURU.Markets.
Daily change in the price of a set of shares in a market segment - General asset management
The asset management sector in which Abrdn operates is sensitive to market conditions. This chart shows the average daily volatility of the financial industry. It serves as a benchmark for assessing how Abrdn's business, with its global reach, correlates with overall trends.
Daily change in the price of a broad market stock, index - GURU.Markets
Abrdn is a major global asset manager. Its business is directly dependent on the health of financial markets and capital inflows into its funds. The chart below shows the general volatility that plagues such companies.
Dynamics of market capitalization of the company, segment and the market as a whole over 12 months
Annual dynamics of the company's market capitalization Abrdn
The year-over-year performance of Abrdn plc, a global investment company, reflects its struggle with client outflows and efforts to transform its business. Its 12-month market capitalization change demonstrates how successfully the company is integrating acquired assets and adapting to investors' shift from active management to passive funds.
Annual dynamics of market capitalization of the market segment - General asset management
Aberdeen Chile Fund, Inc. is a closed-end fund (CEF) that provides investors with exposure to the Chilean stock market. Its performance reflects the successes and risks of the Chilean economy. The chart shows how its portfolio and Chilean macroeconomic factors influence its performance.
Annual dynamics of market capitalization of broad market stocks, index - GURU.Markets
The ticker symbol AEF belongs to the closed-end mutual fund (CEF) abrdn, not to the operating company. Analysis of its performance in the context of the business is impossible. The performance of such funds depends on the value of their portfolio (in this case, emerging market stocks) and can trade at a significant discount.
Dynamics of market capitalization of the company, segment and the market as a whole for the month
Monthly dynamics of the company's market capitalization Abrdn
The market capitalization of Abrdn, a global asset manager, depends on the state of financial markets. Monthly fluctuations on the chart reflect both the market value of assets under management (AUM) and, more importantly, the net outflow of client funds, which is a serious problem for the company.
Monthly dynamics of market capitalization of the market segment - General asset management
The asset management industry is facing pressure from passive funds and declining fees. The sector's dynamics, shown in the chart, reflect these structural challenges. In this competitive environment, global managers like Abrdn are seeking new growth strategies.
Monthly dynamics of market capitalization of broad market stocks, index - GURU.Markets
Aberdeen, a global asset manager, is dependent on the state of global financial markets. Its revenue, and consequently its share price, rises and falls with the markets, making the company cyclical and closely linked to overall investor sentiment.
Dynamics of market capitalization of the company, segment and the market as a whole for the week
Weekly dynamics of the company's market capitalization Abrdn
The weekly performance of Abrdn, a global asset management company, reflects the overall sentiment in global financial markets. Its stock price responds to stock index movements and capital flows into investment funds. The chart below shows how short-term market fluctuations affect the valuation of this major asset manager.
Weekly dynamics of market capitalization of the market segment - General asset management
Is asset manager Abrdn moving in sync with the financial sector? The chart below compares its weekly share price performance with the industry average. This allows us to assess whether its reaction to global market movements is typical, or whether its restructuring and fund specifics are creating a unique trajectory.
Weekly dynamics of market capitalization of stocks of the broad market, index - GURU.Markets
Abrdn is a large global asset management company. Its revenue depends on its assets under management and financial market conditions. This chart compares its weekly performance with the market, showing how sensitive its shares are to overall market fluctuations and investor sentiment.
Market capitalization of the company, segment and market as a whole
AEF - Market capitalization of the company Abrdn
The market capitalization of Abrdn plc (formerly Standard Life Aberdeen) reflects the challenges facing traditional asset managers. The valuation of this Scottish giant depends on its ability to stem the outflow of client funds and adapt to the growing popularity of passive investing. The chart illustrates this difficult battle for relevance.
AEF - Share of the company's market capitalization Abrdn within the market segment - General asset management
Abrdn plc (formerly Standard Life Aberdeen) is one of the largest asset management companies in the UK, with a significant market share in Europe. Its capitalization reflects the scale of its assets under management and the challenges associated with capital outflows and restructuring.
Market capitalization of the market segment - General asset management
This chart shows the total market capitalization of global asset management companies. Abrdn (formerly Standard Life Aberdeen) is one of the largest European players. The diagram demonstrates the scale of an industry where client trust and investment performance determine the value of multi-billion-dollar funds.
Market capitalization of all companies included in a broad market index - GURU.Markets
The chart below shows the economic weight of one of Scotland's oldest investment houses. Abrdn's (formerly Aberdeen) market capitalization reflects clients' trust in its global asset management expertise. Its market share reflects the value of its reputation and global reach in the world of big money.
Book value capitalization of the company, segment and market as a whole
AEF - Book value capitalization of the company Abrdn
This chart represents the book value of Abrdn, a global investment company. Its assets are not factories, but rather its own investments, stakes in managed funds, and office properties. The line on the chart represents the total value of these assets, and its dynamics depend on the success of management and the state of the financial markets.
AEF - Share of the company's book capitalization Abrdn within the market segment - General asset management
For global asset manager Abrdn, physical infrastructure is its network of offices around the world. The chart shows its share of tangible assets, which doesn't reflect the trillions of dollars under management but merely illustrates the operational scale required for global investment activities.
Market segment balance sheet capitalization - General asset management
The chart shows the book value of the asset management sector. Compared to this, Abrdn, as a global manager, looks "light." The company manages hundreds of billions of dollars, but its own tangible assets (offices) are minimal. Its value lies in its brand and expertise, not in physical capital.
Book value of all companies included in the broad market index - GURU.Markets
Abrdn is a global asset manager. Its balance sheet is modest, but it serves as the "command center" for hundreds of billions of dollars invested in stocks and bonds of companies around the world. Thus, Abrdn is the "captain" guiding the ships (capital) across the entire "ocean" of the real economy, shown in the chart.
The ratio of market capitalization to book capitalization of a company, segment, and the market as a whole
Market capitalization to book capitalization ratio - Abrdn
Abrdn's balance sheet is its capital and brand. A market valuation below its book value reflects years of client outflows and investor skepticism about the company's future. A MvsBCap_Co chart < 1 for an asset manager is a vote of no confidence from the market.
Market to book capitalization ratio in a market segment - General asset management
Abrdn is a major global asset management company. Its value lies in its brand, distribution network, and assets under management. The chart shows how the market evaluates its ability to attract and retain investor capital, which is key to its intangible business.
Market to book capitalization ratio for the market as a whole
Aberdeen Standard Investments (formerly Aberdeen Standard Investments) is a global asset management company offering a wide range of investment products. The company's core assets are its brand, management team, and assets under management. This chart helps understand the market premium placed on intangible assets in the financial industry, such as reputation and client trust.
Debts of the company, segment and market as a whole
AEF - Company debts Abrdn
The debt policy of Abrdn, a global asset manager, reflects the specifics of the financial industry. This chart shows a moderate use of debt, allocated for corporate purposes such as restructuring, development of technology platforms, and mergers. Here, debt is a strategic tool, not a financing tool for tangible assets.
Market segment debts - General asset management
Abrdn is a major global asset management company. Its business is managing others' money, not producing goods, so its financial structure is very different from that of industrial companies. This chart shows how the investment giant manages its balance sheet and what debt policy it considers optimal.
Market debt in general
Debt to book value of the company, segment and market as a whole
The company's debt to book capitalization ratio Abrdn
For the management company Abrdn, which manages vast client assets, debt is an indicator of corporate financial policy. The chart reflects how conservatively or aggressively management uses borrowed funds for its own operations or acquisitions, which can impact the financial giant's overall stability and reputation.
Market segment debt to market segment book capitalization - General asset management
Aberdeen (formerly Standard Life Aberdeen) is a large global asset management company. Although this business is less capital-intensive than industry, debt can be used for acquisitions. The chart shows how conservative the company's approach to financing is compared to the overall capitalization of the asset management sector.
Debt to book value of all companies in the market
Abrdn (AEF) is a global investment firm managing assets for private clients and institutions. Its own debt is typically low, as its core assets are its reputation and team. The chart shows the overall market leverage. This comparison allows one to understand how financial managers fare during periods of rising or falling corporate debt.
P/E of the company, segment and market as a whole
P/E - Abrdn
This chart for Abrdn, a major UK asset manager, shows its valuation in a highly competitive market. The low P/E ratio may reflect issues with client outflows from its active funds to cheaper passive ETFs. Growth will depend on improved performance of its funds and successful adaptation to the changing landscape.
P/E of the market segment - General asset management
This chart shows the average P/E ratio for global asset managers. For Abrdn, the comparison to this benchmark is very revealing. If its P/E is below average, it may reflect ongoing outflows from its funds and investor skepticism about its growth strategy compared to its more successful peers.
P/E of the market as a whole
Aberdeen Standard Investments (formerly Aberdeen Standard Investments) is a major global asset management company offering a wide range of investment products to private and institutional clients. This chart, reflecting overall market sentiment, provides insight into how investors view traditional asset managers in the age of passive investing.
Future P/E of the company, segment and market as a whole
Future (projected) P/E of the company Abrdn
Abrdn plc is a global investment company headquartered in Scotland providing asset management services. This chart shows market expectations for the future of the active management industry. The assessment depends on the inflow or outflow of client funds, stock market dynamics, and the company's ability to adapt to the growing popularity of passive investing.
Future (projected) P/E of the market segment - General asset management
Abrdn (formerly Aberdeen) is a global investment firm managing assets for institutional and private clients. This chart compares the company's future profitability expectations with the sector average. It reflects the market's confidence in their ability to attract new assets and compete in the complex wealth management environment.
Future (projected) P/E of the market as a whole
Abrdn (formerly Aberdeen) is a global asset management company. Its revenue is directly dependent on the volume of funds under management, which fluctuates with the market. This profitability curve is key for Abrdn. Market growth not only increases asset prices but also attracts new investors, boosting fee income.
Profit of the company, segment and market as a whole
Company profit Abrdn
Aberdeen (formerly Standard Life Aberdeen) is a major British asset management company. It provides investment services to private and institutional clients worldwide. Its profits are directly dependent on the volume of assets under management and the state of global financial markets. This chart reflects investor confidence and market conditions.
Profit of companies in the market segment - General asset management
Abrdn (Aberdeen) is a global investment company managing assets for millions of clients. Its revenue is directly dependent on the volume of funds under management and the state of financial markets. This chart reflects global stock market trends: growth during periods of optimism and a decline in management company profitability during corrections and capital outflows.
Overall market profit
Abrdn (formerly Aberdeen Standard) is a major global asset management company. Its revenue is directly dependent on the volume of funds under management, which, in turn, correlates with asset prices on global markets. Growth on this chart, reflecting corporate health, typically coincides with market growth, which is positive for Abrdn.
Future (predicted) profit of the company, segment and market as a whole
Future (projected) profit of the company Abrdn
Abrdn is a global asset manager headquartered in Scotland. The future profit forecasts shown in this chart are directly dependent on global financial market performance and assets under management (AUM). Market growth and client inflows drive fee income and improve analyst expectations.
Future (predicted) profit of companies in the market segment - General asset management
Abrdn (formerly Aberdeen Standard Investments) is a global investment firm managing a wide range of assets for institutional and private clients. This chart shows the profit forecast for the entire asset management sector. It reflects the state of global financial markets, which directly impacts Abrdn's assets under management and fee income.
Future (predicted) profit of the market as a whole
Abrdn is a global asset management company. Its revenue is derived almost entirely from assets under management and fees. Abrdn's financial results directly correlate with the state of global stock and bond markets, whose dynamics are predicted by the forecasts presented in this chart.
P/S of the company, segment and market as a whole
P/S - Abrdn
Abrdn (formerly Standard Life Aberdeen) is a major British asset management company. Its revenue comes from fees for managing client funds. This chart shows how investors view its ability to attract and retain capital amid fierce competition from passive funds and other asset managers.
P/S market segment - General asset management
Abrdn (formerly Standard Life Aberdeen) is a major British asset management company providing investment solutions to private and institutional clients worldwide. The company's revenue is based on assets under management. This chart shows the average valuation in the sector, helping to understand how the market views Abrdn's brand and scale in a competitive environment.
P/S of the market as a whole
Abrdn (formerly Aberdeen Standard) is a global investment firm headquartered in Scotland, managing assets for institutional and private clients worldwide. The company's revenue is determined by its asset volume and fees. This chart helps understand how investors value the asset management business, whose fortunes are inextricably linked to stock market performance.
Future P/S of the company, segment and market as a whole
Future (projected) P/S of the company Abrdn
Abrdn is a large global asset management company. Its future revenue depends on its assets under management (AUM), which is influenced by both market conditions and client inflows. This chart reflects investor expectations regarding future financial market performance and the company's ability to raise capital.
Future (projected) P/S of the market segment - General asset management
Abrdn (formerly Aberdeen) is a global asset management company. This chart compares the company's estimated future earnings with those of other asset managers. It shows how investors view its restructuring efforts, its investment performance, and its ability to attract capital in a competitive environment with passive funds.
Future (projected) P/S of the market as a whole
Abrdn (formerly Aberdeen) is a global asset management company. Its revenue is directly related to the volume of funds under management. Optimism in financial markets, reflected in this chart, drives up the value of these assets and attracts new investors. Abrdn is a direct beneficiary of the bull market and investor confidence in the future.
Sales of the company, segment and market as a whole
Company sales Abrdn
Abrdn is a global investment firm headquartered in Scotland. Its revenue comes from asset management fees for institutional and retail clients worldwide. This chart shows its total revenue, which is directly related to the size of assets under management and the dynamics of global financial markets that influence their value.
Sales of companies in the market segment - General asset management
Abrdn (formerly Standard Life Aberdeen) is a global investment firm headquartered in Scotland. Its business spans asset management, financial advisory services, and platform solutions for investors. Revenue is generated through management fees and advisory services. This chart reflects the state of global financial markets, which influence the volume of assets under Abrdn's management.
Overall market sales
Abrdn is a global investment company managing assets for millions of clients. Its revenue is directly dependent on the volume of assets under management. The value of these assets (stocks, bonds) is closely linked to the state of the global economy. This chart essentially reflects the environment in which Abrdn earns its management fees.
Future sales volume of the company, segment and market as a whole
Future (projected) sales of the company Abrdn
Aberdeen (formerly Standard Life Aberdeen) is a major British asset management company. Its fee-based revenue is directly dependent on its assets under management (AUM) and the dynamics of global financial markets. This chart shows how analysts assess the company's ability to raise new funds and how market conditions will impact its AUM.
Future (projected) sales of companies in the market segment - General asset management
Abrdn plc is a global investment company offering asset management services to institutional and retail clients. This chart illustrates expectations for the entire sector. It helps analyze how the company is adapting to the investor shift toward passive funds and how its diversification strategy is impacting financial performance.
Future (projected) sales of the market as a whole
Abrdn (formerly Aberdeen Standard Investments) is a global asset management company. This chart, reflecting sentiment in global financial markets, is vital for Abrdn. Market growth increases the value of assets under management and attracts new clients, which directly impacts fee income and the company's profitability.
Marginality of the company, segment and market as a whole
Company marginality Abrdn
Abrdn is a global investment firm managing assets for millions of clients worldwide. Its primary revenue comes from fees charged on assets under management (AUM). This chart demonstrates how effectively the company attracts and retains investor capital and manages its operating expenses to generate net profit.
Market segment marginality - General asset management
Abrdn is a global investment firm managing assets for private and institutional clients. Its operational performance is determined by its assets under management (AUM) and the fees it charges. This chart shows how investment performance, the ability to raise capital, and control expenses impact business profitability.
Market marginality as a whole
Abrdn plc is a global asset manager headquartered in Scotland. Unlike average market returns, their revenue is directly tied to assets under management (AUM) and global stock market performance. Their profitability reflects investor confidence and their ability to attract capital in a highly competitive environment.
Employees in the company, segment and market as a whole
Number of employees in the company Abrdn
Abrdn is a major global investment firm, managing hundreds of billions of dollars in assets. This chart shows its vast team of portfolio managers, analysts, and client service specialists spread across the globe. The scale of its staff reflects the diversification of its business across asset classes and geographies.
Share of the company's employees Abrdn within the market segment - General asset management
Abrdn plc is a global investment company offering asset management services to institutional and private clients. This chart demonstrates the scale of this giant's workforce. It shows the significant share of financial analysts, portfolio managers, and client service professionals in the industry that Abrdn brings together worldwide.
Number of employees in the market segment - General asset management
Abrdn plc is a global investment firm headquartered in Scotland, managing assets for institutional and private investors. This chart shows employment in the asset management sector. The company's large staff of portfolio managers, analysts, and client service specialists reflects its global scale and diversified business.
Number of employees in the market as a whole
Abrdn is a major global investment firm managing assets for private and institutional clients. Asset management is a knowledge-based business, where analysts and portfolio managers play a key role. This chart reflects the overall state of the labor market, in which the financial sector, represented by giants like Abrdn, is a significant employer.
Market capitalization per employee (in thousands of dollars) of the company, segment, and market as a whole
Market capitalization per employee (in thousands of dollars) of the company Abrdn (AEF)
Abrdn plc is a global investment company. Its core asset is the intelligence and experience of its portfolio managers and analysts. This chart shows a business with a very high market capitalization per employee. The market values the ability of a small team to manage vast assets and generate returns, a classic example of a company built on human capital.
Market capitalization per employee (in thousands of dollars) in the market segment - General asset management
Abrdn plc is a global investment company managing clients' assets. In this business, the most valuable asset is the experience and reputation of its managers. This chart allows investors to assess how effectively the company monetizes its employees' expertise, creating market value compared to other asset management giants.
Market capitalization per employee (in thousands of dollars) for the overall market
Abrdn is a major global asset management company offering a wide range of investment products. This chart shows how the market evaluates the ability of its team—portfolio managers and analysts—to effectively manage hundreds of billions of dollars of client funds and generate returns across various asset classes.
Profit per employee (in thousands of dollars) for the company, segment, and market as a whole
Profit per employee (in thousands of dollars) of the company Abrdn (AEF)
Abrdn (AEF) is a major British asset management company. In this business, the most important assets are intelligence and reputation. This chart shows how effectively their global team of fund managers and analysts generates profit (in the form of fees) on trillions of dollars under management. This is a direct indicator of the productivity of "human capital" in finance.
Profit per employee (in thousands of dollars) in the market segment - General asset management
Abrdn (formerly Standard Life Aberdeen) is one of the largest global asset managers. Their business is managing clients' money in stocks, bonds, and alternative investments. This chart shows the average profit per employee in the industry. It allows you to evaluate how effectively Abrdn's team (analysts, managers) generates commissions.
Profit per employee (in thousands of dollars) for the market as a whole
Abrdn (formerly Standard Life Aberdeen) is a large European asset and wealth management company. Their business is managing clients' money (pension funds, individuals) for a fee. This chart shows the commission income (based on total assets under management, AUM) earned by each employee—portfolio manager, analyst, or sales representative.
Sales to employees of the company, segment and market as a whole
Sales per company employee Abrdn (AEF)
Abrdn is a large Scottish asset management company with a global presence. This chart shows its performance in the asset management sector. Revenue per employee is directly related to the size of assets under management (AUM) and the fees the company charges for managing funds and providing financial advice to clients worldwide.
Sales per employee in the market segment - General asset management
Aberdeen (AEF) (formerly Standard Life Aberdeen) is a major British asset manager with a global presence. Their business is the expertise of their portfolio managers and analysts. This chart shows the revenue (management fees) generated by each employee. This is an indicator of the productivity of their investment team compared to other asset management giants.
Sales per employee for the market as a whole
Abrdn (formerly Aberdeen) is a major British asset manager. Their business is managing clients' money for a fee. In this industry, the most important asset is their reputation and team of portfolio managers. This chart shows how effectively the company attracts and retains assets under management (AUM), generating fee income through the efforts of their analysts, managers, and salespeople.
Short shares by company, segment and market as a whole
Shares shorted by company Abrdn (AEF)
Abrdn (formerly Aberdeen) is a large British asset manager. The company suffers from structural problems. This chart shows bearish sentiment. The shorts are driven by the fact that Abrdn, like T. Rowe Price, specializes in "old" actively managed funds, from which investors are withdrawing funds en masse, preferring low-cost passive ETFs.
Shares shorted by market segment - General asset management
Abrdn (AEF) (formerly Aberdeen) is a large British asset manager known for its focus on emerging market equities. This chart shows a bet against the entire asset management sector. The rising index reflects investor expectations that the outflow of funds from active funds (Abrdn's specialty) to passive ETFs will continue, which is eroding the company's fee base.
Shares shorted by the overall market
Abrdn (AEF) is a large global asset management company. Its business is based on fees derived from the amount of assets under management (AUM). This chart, showing rising fear, is extremely negative for AEF. Panic in the markets means both a decline in asset values (reducing AUM) and an outflow of client funds, which hurts the company's revenue.
RSI 14 indicator for a company, segment, and market as a whole
The company's RSI 14 indicator Abrdn (AEF)
Abrdn (AEF) is a large Scottish asset manager. The company is struggling with outflows from its actively managed funds. This chart measures confidence in a reversal. It shows when the stock is oversold due to AUM outflows or overbought due to hopes for business stabilization.
RSI 14 Market Segment - General asset management
Abrdn plc is a major Scottish asset and savings management company offering a wide range of investment funds and solutions worldwide. This chart reflects the overall state of the asset management industry. It helps us understand whether the entire sector is oversold amid outflows from active funds.
RSI 14 for the overall market
Abrdn (AEF) is a global asset manager. Its revenue comes from fees on assets under management. During periods of euphoria, markets rise, asset values increase, and AEF attracts new funds. During moments of panic, clients withdraw their funds, and asset prices fall, which deals a double blow to revenue.
Analyst consensus forecast for the company's share price, the segment, and the market as a whole
Analyst consensus stock price forecast AEF (Abrdn)
Aberdeen Standard Life (formerly Aberdeen Standard Life) is a major British asset manager providing investment solutions globally. This chart shows the average 12-month forecast from analysts. It reflects their view on the company's ability to stem client outflows (AUM) in a highly competitive environment.
The difference between the consensus estimate and the actual stock price AEF (Abrdn)
Aberdeen (formerly Standard Life Aberdeen) is one of the largest asset managers in the UK, providing investment solutions globally. This chart shows how the current share price differs from the "fair" value predicted by analysts. It reflects their views on asset outflows and the success of the restructuring.
Analyst consensus forecast for stock prices by market segment - General asset management
Abrdn (AEF) is a Scottish asset management giant (formerly Standard Life Aberdeen). The company is fighting the outflow of funds from active funds to passive ETFs. This chart shows general expectations for the asset management sector. It reflects whether experts believe the "old school" can adapt.
Analysts' consensus forecast for the overall market share price
Abrdn (formerly Standard Life Aberdeen) is one of the UK's largest asset managers, serving institutional and private investors. Their income is directly related to their assets under management (AUM). This chart reflects overall market sentiment. For Abrdn, the correlation is direct: market optimism (as the chart rises) not only increases AUM but also stimulates capital inflows into their funds.
AKIMA index of the company, segment and market as a whole
AKiMA Company Index Abrdn
Abrdn (AEF) is a large, historic asset manager from Scotland (formerly Standard Life Aberdeen). They manage trillions but are struggling with outflows from their legacy funds. This chart is an assessment of their turnaround history. It reflects their struggle to stem client churn and prove their relevance in the world of passive ETFs.
AKIMA Market Segment Index - General asset management
Aberdeen (AEF) is a global active asset manager (based in Scotland); the company (formerly Standard Life Aberdeen) manages a diversified portfolio of equities, bonds, and alternatives. This composite measure evaluates financial companies. The chart shows the sector average. This is a benchmark: how does this global (and stagnant) model (AEF) compare to the average manager?
The AKIM Index for the overall market
The Abrdn Emerging Markets Equity Income Fund (AEF) is a closed-end fund (CEF) that invests in emerging market equities for income. This chart, which reflects the market average (US), serves as a benchmark. It allows you to compare the performance of EM assets with the investor's "home" market, assessing their global risk appetite.