This brings back alarming memories of the early 1990s, when investors poured money into any fund with an "emerging market" tag.

这就唤起了1990年代早期的危险记忆，其时，投资者把钱倾入任何贴有“新兴市场”标签的基金。

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After the emerging-market crises of the 1990s many rich countries were keen to scale back the fund, for fear that a big IMF would tempt poor countries to run reckless policies.

在19世纪90年代市场危机显现之时，许多富有的国家都削减对IMF的增资额度，因为它们担心资金充足的IMF会引诱贫穷国家采取一些鲁莽轻率的决策。

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At the Morningstar Investor Conference two weeks ago, emerging market fund managers emphasized the importance of corporate governance when investing overseas.

FORBES: Investing 101: Avoid Companies Where You Can't Assess The Risk

At the start of the year, I spoke with one of my favorite emerging market fund managers, Allan Conway of Schroders.

FORBES: What To Buy In Emerging Markets In March

Brandes also provides some more in-depth analysis of emerging market fund concentration.

FORBES: Emerging Markets Offer Diversification, But Not Through ETFs