So if emerging markets are on your radar in 2010, what should you watch for? David Spegel, head of global emerging market research with ING says, "The best performers so far this year have mostly been among the dogs of 2009." He says that includes Venezuela, up 12.2%, Belize, up 17.9%, and Jamaica, up 31%. "These have benefited from the perception that default risks are in decline as access to credit seems less problematic. However, for Jamaica, heavy repayment risks remain, so we could see a reversal of fortunes there," Spegel warns.
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Wonderful if true!
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