Despite the recent slump in several high-profile emerging markets, the group remains a promising investment opportunity with a growing number of new counties in which to invest, according to a panel of top money managers at at CNBC-Institutional Investor2012 Delivering Alpha conference in New York.
"There's an incredible opportunity that'sstill going untapped,"Afsaneh Beschloss, president and CEO of The Rock Creek Group and a Delivering Alpha advisory board member, told CNBC moderator Michelle Caruso-Cabrera.
"It's been the most reliable and compelling investment story of the past two decades, " added fellow panel member Nathan B. Sandler, co-founder and managing director of Ice Canyon LLC. "It's still evolving."
What was once an equities-focused asset class, now includes corporate and sovereign debt and currencies.
Both speakers, along with panelist Jim Leech, head of the Ontario Teachers’ Pension Plan, agreed that opportunities now go well beyond the BRICs and Mexico, large, old-favorite markets.