Last week's news that BRIC pioneer Goldman Sachs had been forced to merge its fund into a wider emerging markets offering seemed to sound the death knell for what were once hugely popular vehicles less than a decade ago.
Rate uncertainty weighs on markets
Distinguishing between those countries that would simply do well in a broad emerging market rally, and the economies where fundamentals have actually improved, is becoming increasingly important.
Ends 27-year stint at helm of Asia Pacific fund
Acronym coined by Jim O'Neill in 2001
More focus on mainland China
First quarterly loss since 1998
Managed by Scott Fleming and Alex Pelteshki
BNP Paribas Investment Partners' emerging market strategist Patrick Mange said it is too soon for retail investors to consider investing in EMs again, as the region continues to face a number of headwinds.
Taking an index agnostic approach to investing in emerging markets can be much more profitable over time than simply focusing on the index.
Emerging market weakness has been so pervasive that many are now extremely sensitive to any marginal positive change, says City Financial's Mark Harris.
Transitioning to consumer-led economy
Negative investment performance wiped out $4bn
Focus on larger GEM fund
Removed from trading
Manager remains cautious
Capital flight from the asset class
Raises number of holdings
Increase in corporate failures
Firm to launch EM debt total return strategy
Looking for entry points
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.
Hedi Ben Mlouka, CEO of Dubai-based Duet MENA, explores the prospects for Vietnam and Pakistan - two countries which are "very much the architects of their own fortunes".