Background
The Emerging market term is usually used to describe an economy whose GDP per capita is lower than the average of the developed countries but which has, generally, a growth potential higher than the world mean. According to the definition of the World Bank, an emergent country has Growth National Product per capita (GNP) lower than 9.000 US$ even if the emergent countries should realize a growth by 6,3% in 2011 according to the forecasts. [Le Monde, 2011]
There exist in this category some differences between those countries which vary in terms of economic governorship and institutional framework, infrastructure, physical size and political regime. In order to classify those countries the acronym BRIC was invented by Goldman Sach to indicate the four principal emergent countries (Brazil, Russia, India, and China) which will have to play a leading role in a worldwide economy. There exist other definitions, of which BRICM which include Mexico or BRICS with South Africa. The acronym SANE is also used for Africa to indicate South Africa, Algeria, Nigeria and Egypt. [Club Finance, 2011] Thanks to a coherent and solid governorship, combined with a tax discipline during the last decade, good number of emergent economies are today in better health than the majority of developed countries in terms of budgets and indicators of debt while the infrastructural framework, policy and institutional aspects have to be improved.

The Emerging Markets opportunities
Developed Markets EAFE Benchmark vs. MSCI Emerging Markets EEM
We can see on the chart above that the index emerging markets over perform the developed index markets (EAFE) this last is commonly used as a benchmark for the performance of major international equity markets. The acronym EAFE stands for Europe, “Australasia” (Australia & New Zealand), and the Far East. The index measures the performance of more than 1,000 stocks in 21 countries: Australia, Austria, Belgium, Denmark, Finland, France,