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Major emerging market indices are structurally distorted by heavy weighting toward Asian semiconductor exporters, masking true developing-economy exposure.

Impact: Asset allocators must utilize alternative benchmarks or custom overlays to avoid unintended tech concentration and capture genuine consumption growth.

— from AI Cycles, Real Estate Stabilization, and EM Index Distortion · Deffner und Zschäpitz – Der Wirtschafts-Talk von WELT· May 12, 2026