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Emerging markets 'a tough call'

Wednesday 5th of March 2014

He was in Auckland this week, for meetings held by BNP Paribas.

Carnegie has US$15 billion in FUM, mostly in global equities with a large cap bias and low levels of turnover. It is expanding into New Zealand - its biggest existing client is in Australia.

Emerging markets were susceptible to upheaval, he said. The Micex index fell 10.8% as the turmoil intensified this week.

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