• After a challenging decade for EMs, Wellington sees reasons for potential outperformance, including attractive valuations, mean reversion in the US dollar, and longer-term, historical performance.

• Economic development remains a secular tailwind and could support continued diversification and drive long-term earnings growth.

• EMs may be an attractive place to be active, as managers may be able to add value by making top-down allocation decisions across countries.

Important Risks: Investing involves risk, including the possible loss of principal. • Foreign investments may be more volatile and less liquid than US investments and are subject to the risk of currency fluctuations and adverse political, economic and regulatory developments. These risks may be greater, and include additional risks, for investments in emerging markets or in a particular geographic region or country. • Risks associated with investments in China include currency fluctuation, political, economic, social, environmental, regulatory and other risks, including risks associated with differing legal standards. • Different investment styles may go in and out of favor, which may cause underperformance to the broader stock market.• Diversification does not ensure a profit or protect against a loss in a declining market.

Any views expressed here are those of the author as of the date of publication, are based on available information, and are subject to change without notice. Individual portfolio management teams may hold different views and may make different investment decisions for different clients. 

The views expressed herein are those of Wellington Management, are for informational purposes only, and are subject to change based on prevailing market, economic, and other conditions. The views expressed may not reflect the opinions of Hartford Funds or any other sub-adviser to our funds. They should not be construed as research or investment advice nor should they be considered an offer or solicitation to buy or sell any security. This information is current at the time of writing and may not be reproduced or distributed in whole or in part, for any purpose, without the express written consent of Wellington Management or Hartford Funds.