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Inverting the pyramid

Skirt the sidelines, avoid sophisticated solutions and buy uncertain outcomes.

Global emerging equity markets have been flat over five years due to concerns about the outlook for the US dollar, the turmoil in Latin America and fears of slowing Chinese growth.

MARKETS feel shaky and have felt so for most of the year. Positive news from the United States, in the form of monetary authorities finally shrinking the monetary base after years of expansion, does not come with much of a feel-good factor.

And there is plenty of bad news around, from...

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