TY - JOUR T1 - After the Fall JF - The Journal of Portfolio Management SP - 18 LP - 26 DO - 10.3905/jpm.1999.319778 VL - 26 IS - 1 AU - Seth J. Masters Y1 - 1999/10/31 UR - https://pm-research.com/content/26/1/18.abstract N2 - Given the disappointing performance of emerging stock markets in 1997 and1998, it is understandable that investors are now questioning the role of these markets in long-term asset allocations. With emerging markets investments appearing more unstable today than they did just three years ago, do the benefits still outweigh the risks? The author sees the declines of the past two years as nothing more than an extreme manifestation of the high volatility that makes emerging markets a diversifying addition to a global stock portfolio. The problems behind the recent plunge are reversing, and there are no indications of fundamental changes in these markets that would lessen their long-term potential. ER -