Emerging Markets' 'Reasonable Performance' Expected, Abbot Downing Says

The video discusses the inflows into emerging market ETFs and their performance during the U.S. market downturn in 2018. Despite underperforming for the full year, emerging markets showed strong performance in the last months of 2018. The video predicts that if global growth remains steady, emerging markets could perform well in 2019, partly due to their current valuation discounts.

In what ways did the performance of emerging markets compare to developed markets according to the text?

What expectations do the authors have regarding the performance of emerging markets if global growth remains stable?