LONDON, Aug 25 (Reuters) - In an investment world trumpeting new-found ethical and sustainability guidelines, the seeming indifference of markets to democratic credentials still remains stark.
There's little doubt that emerging market risks are many and rising for Western investors.
What's more, there were as many emerging economies in its sample with relatively low bond spreads in the group with very low V&A scores as the group with very high V&A scores.
If you removed those two wipeouts, screening just for V&A democratic values made much less difference to the bottom line.
"Taking heed of these geopolitical risks could be the crucial difference between securing your returns or ending up with nothing."
Persons:
Morgan's, Eamon Aghdasi, Mina Tomovska, Saker Nusseibeh, Nick Macfie
Organizations:
U.S ., Hermes, Financial, Reuters, Thomson
Locations:
Brazil, Russia, India, China, South Africa, Saudi Arabia, Iran, UAE, Egypt, Argentina, Ukraine, Taiwan, Boston, Belarus, Washington