Some managers still remain committed to asset class
After months of capital outflows and uncertainty, the Federal Reserve's decision to hold rates in September could provide emerging markets with some respite.
Investors were given yet another reason to steer clear of Brazil after political turmoil and high debt levels saw ratings agency Standard & Poor's downgrade the country's status from investment grade to 'junk' this month.
Argentina, arguably the most famous example of a country that has made a habit out of burning foreign investors' hands, is once again firmly on the radar.
Strategists, asset allocators and fund managers reveal their best ideas for the months ahead as the second half of the year begins in earnest.
Will Landers, manager of BlackRock's Latin American investment trust, said he has adopted a defensive but more flexible investment approach as the region continues to struggle.
Peter Fitzgerald, head of multi-asset at Aviva Investors, analyses the growth prospects for developed and emerging markets and the impact of future central bank actions.
Findlay Park has launched a sterling unhedged share class for its American and Latin American funds, to allow investors to manage their own currency exposure.