In each You Asked For It, we ask the public research houses to respond to topical portfolio construction questions of the day. This time it’s emerging markets. What regions are included? What are the advantages and disadvantages to an emerging markets exposure? What asset allocation is appropriate? Only two research houses picked up this particular guantlet: van Eyk and IWL.

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Although they receive the most air time, there’s more to emerging markets than just China or India. There’s also the Middle East, Africa, emerging Europe, and Latin America, just to name a few ...