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Emerging market volatility highlighted

Emerging markets have proved a volatile investment sector over recent years, according to a report from Standard & Poor&#39s.

The report shows the value shares in the S&P composite index of global emerging markets fell by 20 per cent in 1998, rose by 62 per cent in 1999 and then fell by 30 per cent in 2000.

S&P associate director and global emerging markets analyst Hans Hamre says: “It is interesting to see most managers interviewed in the sector are currently close to fully invested. After their experience in 1999 when many were caught out by the market&#39s sharp recovery from the crisis in confidence arising from Russia&#39s devaluation, most managers are now cautious about running significant cash positions in such potentially volatile and illiquid markets.”

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