Trouble in Turkey, Opportunity Elsewhere

Emerging markets are hitting the headlines again: Turkey is in deep trouble, and ripples are spreading across markets. But trouble brings opportunity, too.

The temptation when trouble hits a big emerging-market nation is to treat the asset class as homogenous and dump emerging currencies, bonds and stocks en masse. There are plenty of things to worry about in other places: The Russian ruble fell sharply this week on fears of harsher sanctions, and China is locked in a deepening trade dispute with the U.S.—a challenge for the... Nguồn: