Funds turn against new markets

Monday 26 October 1998 01:02 GMT

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FUND MANAGERS' confidence in emerging markets equities crashed to an all-time low in the third quarter of this year, a survey published today reveals.

The recent turmoil in developing economies has led almost 90 per cent of global investors to turn negative towards these markets, according to the study by the investor relations consultancy, Burson-Marsteller.

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