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Turkey Puts Pimco and BlackRock on Wounded EM Bond-Fund List
Turkey’s financial meltdown left few emerging-market money managers unscathed in August, and investors won’t be buying any time soon, Vanguard Asset Management Ltd., BlackRock Inc. and PineBridge Investments warn. The Turkish rout spread rapidly to other developing nations, bringing losses of more than 5 percent in three weeks for funds…
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Click here to read the full story: Bloomberg