The second generation

Emerging markets have seen two years of stellar returns where larger markets, such as India, have driven performance. There is continued reason to be positive about the asset class for 2005, although for this year more modest returns are expected. To recap, emerging markets are the growth opportunities of the future. By definition, they are riskier than their developed counterparts, but they also offer greater potential returns. Emerging countries account for the majority of the world's population, land and natural resources. Improvements in education and infrastructure are helping count...