It is hard not to be convinced that the world’s future lies in the East and other emerging
economies, and that investing in fast growing emerging economies is where future strong returns will come from. It is easy to forget that real risks exist, such as asset expropriation, capital controls and the lack of a developed rule of law, among many others. Reality may surprise some.Volume 19 of Acuity takes a balanced view of the returns and associated risks of investing in emerging market equities.