While emerging markets were only recently seen as an exotic investment, their promise for high returns, growing stability and increasingly influential impact on the rest of the globe has caused mutual fund and pension managers to reassess their importance, The Wall Street Journal reports in a story titled: “A Bigger Risk Than Emerging Markets: Staying Out.”

“Without question, we have steadily increased our exposure to emerging markets over the last couple of years, and I think that’s a trend that continues,” said Bill Quinn, executive chairman of American Beacon Advisors. “Most pension funds have maybe 5% to 10% in emerging markets. I bet in 10 years, that number is closer to 30%.”

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.