From Russia to India, emerging markets have recovered from 2011's stock market slump.
For many investors, emerging marketsoffer above-average economic growth, low debt levels and positive trade balances — along with the usual risk.
Some analysts, however, are worried that the recent rebound in the asset group makes current valuations unattractive.
There is also concern about economic slowdowns in Brazil and China, the outlook for commodities prices, and declining export opportunities because of the euro debt crisis.
Tell us what you think.