Beware of 'recency bias' with EM concerns - Morningstar

‘Important to have an anchor’

Victoria McKeever
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Dan Kemp: "In these situations it’s important to have an anchor and for us that’s valuations.”
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Dan Kemp: "In these situations it’s important to have an anchor and for us that’s valuations.”

Advisers and investors should beware of 'recency bias' in reacting to headlines about Turkey's currency crisis and its impact on emerging markets, Morningstar's Dan Kemp has said.

"From a behavioural perspective, a ‘recency' or ‘vividness bias' is dangerous for advisers and investors," said the Morningstar Investment Management chief investment officer. This, Kemp explain...

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