From The Psy-Fi Blog:

If you’re of a contrarian viewpoint you might cast your eyes across the pundit’s tips for the best performing sectors of 2010 - or, indeed, any year - with a slightly jaundiced eye. This year’s favourite flavour of investment is emerging markets. There are strong and powerful arguments in support of this particular long-term trend but you’ll rarely find the short-term value counterargument.

... The first thing to remember about emerging markets...

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More on emerging markets:

A bearish signal for emerging markets

Why the Greek debt crisis matters to US investors

An emerging European market that's NOT imploding