Saturday June 6, 2020

No emergency yet

Last week's asset sell-off in emerging markets is a far cry from their boom years of the past decade. But it is not an indication of a full-blown crisis, and investors should hold their nerve, writes Barry J Whyte.

Barry J Whyte

Chief Feature Writer

@whytebarry
2nd February, 2014
An exchange office in Istanbul: the Turkish central bank raised interest rates this week to shore up the lira. Picture: Getty

Any time that countries are sort of, not completely arbitrarily, but over-clustered together, usually mistakes are made, Michael Hasenstab of Franklin Templeton told this newspaper last month.

He was referring to his firm's massive investment in Ireland, when the economy was ''lumped together with that horrible acronym - the PIIGS (Portugal, Italy, Ireland, Greece and Spain), but the point also applies to last week's fluctuations in emerging markets.

With a myriad of confusing acronyms -...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 5 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago