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E m Small Cap Growth
Most firms just can't list in sog m. There are e m small cap funds, though it's not as though those had vowed to perform. It's really hard and expensive to list. So most of the mamand pop companies that are prie, that stay private, don't list because it's not worth their time or not of liquers. They are the recipients of the growth of those markets, and outside investors just can't access them,. And so when you think about e m, right? You just can't buy e m growth. China happens to be a bit of weird outlier.