- The emerging markets index has gotten much more tech-heavy, whereas people have always thought of it as cyclical. Technology makes up almost 40%, while energy/materials have shrunk down to 10-12% of the index.
- China is becoming a larger part of the index at around 35%, and that’s likely to continue because there’s a lot of capital markets activity.
- Emerging markets are about 12% of the global index, but now about 35% of the top quintile of highest-return-on-capital-employed companies are in emerging markets.
For further details see:
Secular Trends Driving Emerging Markets' Growth