While emerging markets have been the darling of investors in Cheap Prom Dresses years, the love affair turned decid edly cold last year as they were spurned in favour of the perceived safety of more traditional assets such as US Treasuries.The ACT Fire Brigade member is the first firefighter to die in Victoria's bushfire emergency, which so far has claimed at least 200 civilian lives. It has been a dramatic fall from grace, with the MSCI Emerging Markets Index (which tracks 746 compa nies in developing nations), Long Prom Dresses 54 per cent in 2008, the worst annual per formance since the creation of the index in 1987.
According to Bloomberg, Russias Micex dropped 67 per cent, while the Short Prom Dresses Sensitive Index 30 dropped 52 per cent, compared to a 42 per cent loss in the MSCI World Index and a 38.5 per cent drop in the S&P 500 Index. Emerging market curren cies have also been ham mered, with the South Korean won down 40 per cent to the US dollar. In response to the car nage, new data from the US-based research firm EPFR Global (which tracks fund flows and the Graduation Dresses allocation for over 15,000 managed funds), shows emerging market equity investors withdrew a record US$48.3 billion from funds in 2008.
Much of the drop in emerging markets has been attributed to the slowdown in developed markets, which has seen demand for oil, gas, metals and other resources slashed. This led the MSCI BRIC Index, Homecoming Dresses covers the powerhouse economies of Brazil, Russia, India and China, to finish 2008 down 60 per cent. Stimulating the markets While the story for investors last year was grim, not everyone is gloomy, with some of the worlds top emerging market experts, such as Mark Mobius at Templeton Asset Management, now snapping up emerging market stocks.