JPMorgan Survey Shows How Quickly Emerging Markets Can Unravel
- Top investor picks, Argentina and Turkey, leading world losses
- Client poll shows the danger of herd mentality in investing
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Herd mentality got the better of emerging-market investors this year.
Back in April, JPMorgan Chase & Co. gathered a group of clients in Washington for the International Monetary Fund’s spring meeting and asked for their top choice in the developing world. The favorites? Argentina and Turkey.