Months like October are the reason you so often hear us talking about the merits of diversification.

With the close of the third quarter on September 30, this is a natural point to look back on the year and see where we are.

Financial markets have been buzzing with speculation, concern, and even outright fear about emerging markets. You’ve probably heard about Turkey and Argentina, which are both in the middle of currency crises, and you may have wondered: how can two relatively small economies on two different continents generate so much news?^[1]