Emerging markets have trailed their developed market counterparts for much of the past couple of decades, leading some investors to question their role in a diversified portfolio. But underperformance is not a reason to walk away - it's often the reason to stay invested.
In this issue, we revisit the long-term case for emerging markets, explore the dynamics behind recent performance trends, and reflect on the unexpectedly strong returns from US equities. We argue that the volatility of emerging markets is not a flaw, but a feature - one that long-term investors are rewarded for enduring.
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