Is it reasonable for investors to move back into emerging countries?

Since October 2018 , capital flows have returned to emerging countries (excluding China), which is starting to slightly improve exchange rates and share prices in these countries . This flow of capital to emerging countries (other than China) corresponds to capital outflows from the euro zone and China and equity capital outflows from th e United States. Is it reasonable for investors to move back into emerging countries excluding China? Possibly, because: The bad news concerning emerging countries (political crises, US sanctions) is known, and is no longer ahead of us; Emerging growth will be more resilient to the global cyclical slowdown than growth in OECD countries; The factors of risk aversion in Europe (Italian crisis) and China ( weakening of the economy, fears about protectionism) will probably be lasting.