The tide has turned for the heavyweights, like China, India, South Korea and Taiwan. Stocks in those countries make up about half the value of the emerging market index and the companies are much more consumer-focused now than in the past, experts say.
“For many [emerging] countries, especially the Asian economies, the energy decline is a tailwind, it’s a positive,” says Audrey Kaplan, senior portfolio manager at Federated Investors Inc.
Related: Winners and losers in oil’s plunge
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“People have to look towards emerging markets for higher growth and higher returns,” over the long term, says Nick Smithie, chief investment strategist at Emerging Global Advisors in New York.
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