13.10.2008 - Assessing damage in emerging markets
From Nytimes.com: When financial markets go bad, it seems as if everything is a problem and nothing is a solution. Some fund managers have blamed rising commodity prices for the poor performance of emerging stock markets this year. Others offer an alternative explanation: falling commodity prices. What is broadly acknowledged is that these markets, from China to Brazil and Russia to Thailand, have cost investors plenty. The average emerging-market stock fund lost 26.4 percent in the third quarter, worse than almost any other segment of the fund universe tracked by Morningstar. Not one of 126 funds specializing in emerging-market equities showed a gain for the period..... Full Article: Source &sq=commodity&st=nyt&oref=slogin
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