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What is your question, why performance is not great?
Past performance =/= future performance.
...just as true for US equities as emerging.
Chief
We’ve had a strong dollar, interest rates that are higher than most of the world, and some of the best performing large stocks on earth. That’s made EM lag US markets.
Firing forward the macro conditions are expected to change with the dollar declining and EM economies growing faster than the US. So there could be a decent reversal in the coming years.