One of the big 2025 stories has been the resurgence of emerging market equities. As of September 9, the MSCI Emerging Markets Index was outpacing the S&P 500 by a nearly 2-to-1 margin. On a stand-alone basis, that data point is impressive. But it's all the more noteworthy when considering the emerging markets gauge spent years underperforming domestic stocks. This year's outperformance by developing world stocks is also worth highlighting. That's because it's been pieced together against the backdrop of vol ...