Goldman Sachs' wealth management division has flagged an intriguing shift in the investment landscape. Over the next five years, emerging markets could substantially outperform US equities, according to analysis from chief investment officer Sharmin Mossavar-Rahmani. The report digs into the risk-return profile across different geographies, suggesting that geographic diversification might be the smarter play than maintaining a home-biased portfolio. While US assets have dominated recent cycles, the data points to a widening opportunity set abroad—particularly where valuations remain attractive and growth trajectories steeper. This five-year thesis carries weight for anyone thinking beyond near-term volatility and positioning for longer-term wealth accumulation.