The Risk in Emerging Markets is Ignoring Them

October 14, 2011

Advisor.ca

CFSP member Roberto Rigobon was featured in an article on Advisor.ca about investment in emerging markets and the effects of the 2008 financial crisis.  Rigobon's comments were taken from his participation in the CFA Institute Conference in Boston, Massachusetts titled "Fixed-Income Management 2011: The Search for Safety and Value."  Rigobon described the peculiarity of the crisis saying, "Capital flow generally goes from countries that are unaffected to the countries that are affected. But the 2008 crisis was very different in that there wasn’t a country that wasn’t affected, therefore the recovery from it has been very disorganized."