Pedestrians are silhouetted as they walk along an elevated walkway in the Lujiazui Financial District in Shanghai, China. (Photographer: Qilai Shen/Bloomberg)

Emerging-Market Laggards Get Reality Check as Fed Veil Lifts

(Bloomberg) -- The term “emerging markets” can conjure up the image of a homogeneous asset class that sits nicely on one rung of the risk ladder. Nothing could be further from the truth.

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