Emerging markets (EM) are still valuable to long-term investors, but they'll have to pick their investments carefully, industry experts have told CNBC.
Emerging markets had a rough time in 2015 and haven't had a good start to 2016. Over one year, the benchmark MSCI Emerging Market Index has fallen by around 23 percent.
But this could indicate a buying opportunity for brave investors. Stewart Richardson, partner at RMG Wealth Management, suggested EM assets would be valuable to long-term investors who can ride out any volatility.
"If you're looking for real long-term value and you are willing to take an awful lot of volatility in the meantime, selected emerging markets are beginning to represent some value," Richardson said.