Emerging Opportunities in EM Equities

Focus on Latin America and Southeast Asia

Emerging-market equities have spent much of the past decade in the shadow of America’s large-cap ascendancy. As capital crowded into developed markets, expectations and valuations rose in tandem. Jim Hayes, founder of Lucerna Global Capital and a former Fidelity emerging-markets analyst, contends that this divergence has created a mispricing: select eme…