After a period marked by heightened uncertainty, several indicators now point to a more constructive environment: improving macro fundamentals, healthier balance sheets and attractive valuations across key emerging and frontier market regions.

The op‑ed highlights how long‑term structural drivers, including demographic expansion, rising domestic consumption and ongoing reform momentum, are reshaping the opportunity set. These developments, combined with diversification benefits, strengthen the case for revisiting allocations to emerging markets.

Jetro also emphasizes why taking a selective, quality‑focused approach remains essential. With disciplined manager selection and thoughtful portfolio construction, emerging markets can serve as a strategic building block in diversified portfolios rather than a short‑term tactical allocation.

Read the full article (in German) here.