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Macro focus damaging returns in EMs

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An “excessive focus” on the macro environment is damaging to investors’ returns, particularly when investing in emerging markets, Philip Saunders, Investec Asset Management’s co-head of multi-asset, has said. But his colleague John Stopford, also co-head of multi-asset, asserted that “macro still matters in emerging markets” to investors.

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Click here to read the full story: FT Adviser

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