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.