I just returned from a short four-day trip to Asia. I'm a professor for the National University of Singapore MBA Business School and it was my annual teaching adventure. The students are not your typical students new to the business world. This is a senior executive MBA program and so I have a chance to discuss business conditions with leaders from around Asia that are attending the program.
While I was there I had a chance to meet with business leaders, strategists from around the region, as well as government officials. I wanted to share their insights with you and my judgments about their opinions.
First, let's set some context about emerging-market investing. Over the last four years it's been unpleasant. The Emerging Market Index has underperformed the U.S. equity markets by 50 percent.
(Read More: Emerging Market Stocks Now at Cheapest This Year)
Of course, it's important to remember that if you look at emerging market performance over a longer period of time, emerging markets have outperformed U.S. equities by 50 percent. So as is often the case, it's a matter of time frame.
We don't expect emerging markets to collapse. The momentum of emerging markets will play out; they just need to be given some time. This belief was apparent in my discussions with a variety of sources during my recent trip to Asia.