Is the party over for the emerging markets sector?

Russian gas stock Gazprom's recent foray into Ukranian politics is a stark reminder that there are risks aplenty to match the tantalising rewards on offer in emerging markets. In many ways 2005 was the year of the emerging markets. Investor enthusiasm for China, India, Russia and even Brazil shot up, or at least enthusiasm for the scale with which they either produce or consume raw materials, goods and services. The rewards have been there for all to see, from the impressive performance of the Indian stock market to the mercifully low costs of all those electronic gifts made in Asia we ...