Emerging Markets Haven’t Seen a Bull Run in a Decade. Why There’s Hope for 2023.

Like Brooklyn Dodgers fans of old, emerging markets investors are used to waiting till next year. The asset class had its last sustained bull run a decade ago. The iShares MSCI Emerging Markets exchange-traded fund (ticker: EEM) has lost a quarter of its value since January 2021, while the S&P 500 index has gained 4%.

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