Emerging market (EM) investors are grappling with a multitude of global and local economic events, which are exerting pressure on different pockets of the asset class, writes Nick Price, manager of the Fidelity Emerging Markets fund.
Events have unfolded at a rapid pace, having been further accelerated by spill-over effects. In an uncertain world, EM currency weakness has been pronounced and the pain is most evident among countries...
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