July 24: Emerging markets are great for diversification but not your pocket (Independent.ie)
July 24, 2013
THE truth is, emerging markets haven't just been bad but are likely to get worse, especially in comparison with developed markets.
The bigger truth, however, is that most investors should simply ignore this and stick with their strategic allocations in order to get the benefit of diversification.
First I will make the medium-to-long-term bear case against emerging markets. Then I'll explain why you probably shouldn't really care...