3 Winners and 3 Losers from Emerging-Market Funds’ Big Rally

merging-market funds will have a tough act to follow in 2026. The category racked up big gains last year following small returns for years. And a mix of factors like trade tensions prompted many investors to shift their dollars outside the US. Should you add emerging-market funds to your portfolio? And which ones were winners or losers? Morningstar’s senior principal of ratings Russ Kinnel dug into the data. The editor of the FundInvestor newsletter is here to tell you want he found.
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On this episode:
00:00:00 Welcome
00:01:20 Why Emerging‑Market Funds Surged After Years of Sluggish Returns
00:02:29 Market Shifts of Leadership in Asia
00:03:36 2025’s Winning Emerging-Market Funds
00:05:08 2025’s Losing Emerging-Market Funds
00:09:34 What’s Next for Emerging‑Market Funds in 2026?
00:10:21 How Fidelity Contrafund’s Will Danoff Built a Successful Stock-Picking Record
00:13:38 What Everyday Investors Can Learn from Danoff

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