← Markets

Allspring Emerging Markets Equity Fund - Class A

EMGAX · NASDAQ

Market closed$38.27$-1.05 (-2.67%)

Key statistics

Previous close$39.32
Open$38.27
Day high$38.27
Day low$38.27
52-week high$42.74
52-week low$29.28
Market cap3.97B
Volume—
Average volume—
P/E ratio18.47
Forward P/E—
EPS2.07
Dividend yield0.00%

Market context

Why it moved

EMGAX declined today amid broad emerging market weakness, likely pressured by risk-off sentiment and negative spillover from declining emerging market equities, as reflected in the notable drop in related holdings such as Sea Limited.

Fintel

What is happening

Recent company-specific developments and publisher coverage.

July 17, 2026Allspring Emerging Markets Equity Fund - Class A edged lower in pre-market trading, pulling back amid a broader risk-off tone as the S&P 500 retreated from recent highs and tech stocks dragged Wall Street lower on Thursday. While the wider financial services sector has been buoyed by a blowout Q2 earnings season—with Goldman Sachs, BNY, JPMorgan, and BlackRock all beating estimates on surging trading and investment banking revenues—emerging markets equity funds face headwinds from a strengthening U.S. dollar and geopolitical uncertainties tied to the U.S.-Iran conflict that have weighed on risk appetite.

-1.5277

July 16, 2026Allspring Emerging Markets Equity Fund - Class A edged higher amid a broadly constructive backdrop for asset managers, as the Finance sector benefited from a blowout Q2 earnings season — with major banks posting 20-45% profit growth and beating estimates — while China's equity markets held steady despite a GDP miss, with investors rotating into consumer and financial shares. Softer-than-expected U.S. inflation data and resilient Fed commentary provided additional tailwinds for emerging market allocations.

0.7947

July 15, 2026Allspring Emerging Markets Equity Fund (EMGAX) edged lower as a mixed backdrop weighed on sentiment, with China's Q2 GDP missing expectations at 4.3% growth amid soft domestic demand and Iran war-related oil shock impacts, while sector rotation in Chinese markets favored consumer and financial stocks over tech. Broader macro headwinds—including persistent inflation, geopolitical risk from the US-Iran conflict, and a hawkish Fed posture—tempered enthusiasm for emerging market equities, even as the XLF financial sector ETF held near 52-week highs buoyed by blockbuster Wall Street Q2 earnings from Goldman Sachs, JPMorgan, BlackRock, and Morgan Stanley.

-0.4239

July 14, 2026Allspring Emerging Markets Equity Fund (EMGAX) is declining sharply, falling over 3%, as a confluence of macro headwinds weighs on emerging market sentiment. Renewed U.S.-Iran tensions — including Trump's announcement of reinstating a shipping blockade and fresh Middle East hostilities — have sent oil prices higher and dampened risk appetite globally. A strengthening U.S. dollar, supported by global pension funds unwinding FX hedges, further pressures EM-focused funds by eroding returns on foreign assets. While the broader financial sector ETF (XLF) is holding near 52-week highs on strong Q2 bank earnings from Goldman Sachs and Wells Fargo, the risk-off geopolitical environment is disproportionately hitting EM equity exposure.

-3.217

July 1, 2026Allspring Emerging Markets Equity Fund - Class A edged modestly higher, closing up nearly 0.5% on the final trading day of Q2, as emerging market equities received a tailwind from a broadly strong quarter for global equities and renewed investor appetite for EM. BlackRock's Ahmed Talhaoui noted a key shift in investor behavior—global investors are moving away from broad-based EM basket bets toward country-specific stories, spotlighting India, Southeast Asia, and Gulf nations as distinct growth opportunities. This evolving EM narrative, combined with the S&P 500's best quarterly performance in six years (+14.9% in Q2) and resilient macro data, provided a constructive backdrop for the fund.

0.4461

June 24, 2026Allspring Emerging Markets Equity Fund - Class A tumbled sharply amid a broad global technology and emerging markets sell-off, as AI spending concerns and semiconductor volatility rattled investor sentiment across Asia and EM-heavy portfolios. The decline follows a turbulent stretch in which South Korea's KOSPI plunged and dragged global chip stocks lower, while tech-heavy indices in the U.S. fell sharply on Tuesday — with the Nasdaq dropping nearly 3% — raising fears that AI-driven valuations had outpaced fundamentals. Broader macro headwinds, including Bank of America forecasting three Fed rate hikes this year and ongoing U.S.-Iran nuclear deal uncertainty, added further pressure on risk assets with EM exposure.

-4.1785

Wealth Management · April 27, 2026Allspring's Derrick Irwin: Emerging Markets Poised for GrowthThe Business Journals · April 14, 2026Charlotte asset manager Allspring to acquire global investment group

Peers

S&P 500SPX · $7,457.69-1.01%American Beacon Small Cap Value Fund Class R5AVFIX · $29.73-0.83%Fidelity Advisor Small Cap IFSCIX · $43.48-0.50%Janus Henderson Mid Cap Value Fund Class AJDPAX · $17.59-0.23%Janus Henderson Mid Cap Value Fund - T SharesJMCVX · $17.20-0.23%Janus Henderson Mid Cap Value Fund Class SJMVIX · $17.60-0.23%Janus Henderson Contrarian Fund - T SharesJSVAX · $30.90-0.52%Core Fixed Income Fund Class YSCFYX · $9.490.00%International Equity Fund Class YSEFCX · $14.34-0.49%SEI Institutional Managed Trust Core Fixed Income Fund Class FTRLVX · $9.480.00%