Latin America and india are the most dangerous among emerging market right now and for the next one or two years (One for India and two for Latin America).
As soon as US start to tightening (70% chance in 6 to 12 months depending on the US economy and EURO zone debt), Latin America will be the next southeasr Asia.
I closed my emerging market fund and transferred the money to real estate fund last month in my IRA account. Only China will be OK among the emerging market. All other countries have serious debt problem and will be busted really ugly.
07/05/2011