an investment fund which invests 80% or more of its assets directly or indirectly in emerging markets as defined by the Worls Bank, without geographical restriction. Funds in this sector typically invest in rapidly developing economies, and are generally considered a higher risk investment.
[...] Global emerging market funds are for the bravest of investors. Money invested here has to be viewed as risk capital, that is, money you could comfortably lose. The bravest investors are sometimes the biggest losers, but they are also among the biggest winners. [...]