Dollar’s Waning Appeal Is Spurring an Emerging Market Revival

Between them, Tina Vandersteel and Pramol Dhawan have more than 50 years of experience in emerging markets. And they can only recall, at most, a handful of times that their phones have rung non-stop like they are now — one call after another from people interested in tapping into the powerful rally building across the asset class.

For Dhawan, the head of emerging markets portfolio management at Pacific Investment Management Co., it’s taken some getting used to. For years, it had always been the other way around: Dhawan making calls to client after client trying to drum up interest in ...