Strong returns in US equities over the past decade have led many investors to reduce their allocations to emerging markets equities. Yet, for investors focused on capturing growth, emerging markets may present a new frontier by which to participate in the next wave of global economic evolution. Emerging markets equities can provide exposure to transformative forces such as digitalization, productivity enhancements, shifting cultural norms, and rapid urbanization. These dynamics are not just shaping the future of emerging economies; they are laying the groundwork for growth and innovation.