Market.view
Emerging markets are no longer a safe havenSO MUCH for emerging markets being the new safe havens. The MSCI emerging-markets index has lost a quarter of its value over the last three months (see chart) and emerging-market currencies have taken a battering over the last week or so.The main reason seems to be risk aversion. Investors have been spooked by the bad news from Fannie, Freddie and Lehman and are reducing their exposure. American investors in particular seem to be reduci...
9/14/2008 8:51:25 AM
The Economist: News analysis and views
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