Next decade to be emerging markets'?

I am thinking that the next decade may be the emerging markets's. That is, emerging markets (EM) is likely to have higher returns than the developed markets (DM), as the pendulum favors EM again.

 Source: MSCI

The above shows the performance of MSCI EM vs MSCI World. The 10-year annualised returns for EM is abysmal 2%, compared to MSCI World's 8.9%. Looking at longer term from end Dec 2000 till end Mar 2023, EM annualised return is 7.6% vs DM's return of 5.7%.

As markets move in cycles, EM is likely be due for some outperformance in next decade. (Of course, I may be wrong.)

In last post, I mention EMVL (iShares Edge MSCI EM Value Factor UCITS ETF listed at LSE). It is based on MSCI Emerging Markets Select Value Factor Focus Index.

Source: MSCI

The above shows the fundamentals of the index, which has 8% dividend yield and forward PE of 5.7.