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Article: In Emerging Markets, Bragging Rights Go to Bond Funds and a Few Mavericks
- Article from:
- International Herald Tribune
- Article date:
- January 20, 2001
- Author:
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Judith Rehak
International Herald Tribune
01-20-2001
PORTFOLIO MANAGERS charged with investing in the stormy emerging markets can hardly be blamed if they would like to forget the fourth quarter and, for that matter, all of 2000. After a spectacular 1999 when the average emerging markets equity fund rocketed 68.07 percent, according to Lipper Ltd., the euphoria of recovery from the financial crisis in the sector wore off. In Asia, the familiar problems of financial instability, political conflict, and a reluctance to implement economic reforms came back to haunt investors. In Latin America, investors worried about Argentina's inability to recover from deep recession and its possible ...