Driehaus Emerging Markets Growth Fund Investor Class (DREGX) is an open-end mutual fund that seeks long-term capital appreciation by investing primarily in equity securities of issuers located or operating in emerging markets. The fund employs a growth-oriented investment strategy, focusing on companies with strong fundamentals, high earnings growth potential, and attractive valuations; it typically holds a diversified portfolio of 40 to 80 stocks across sectors such as consumer discretionary, financials, information technology, and materials. Managed by Driehaus Capital Management LLC, the fund targets mid- to large-cap companies in emerging market economies including China, India, Brazil, South Korea, Taiwan, and South Africa, among others.
Driehaus Capital Management LLC, founded in 1982 and headquartered in Chicago, Illinois, serves as the investment adviser, bringing expertise in active growth equity strategies to the fund's operations. The Investor Class shares (ticker: DREGX) are available to retail investors with a minimum initial investment, featuring a no-load structure and an expense ratio that supports accessibility for long-term holders. The fund operates globally, with a focus on emerging markets representing over 80% of assets under normal conditions, complemented by limited investments in developed markets for diversification.
In recent developments, the fund maintained strong performance amid volatile emerging market conditions in 2024 and 2025, benefiting from its overweight positions in technology and consumer sectors driven by AI adoption and rising middle-class consumption. No major structural changes such as mergers, liquidations, or share class conversions have occurred in the past two years; however, Driehaus Capital enhanced its quantitative risk models and ESG integration processes in late 2024 to align with evolving regulatory standards. The firm also expanded its emerging markets research team in early 2025 to capitalize on opportunities in underfollowed markets like Vietnam and Indonesia.