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Continue to ChatCountry risk is the biggest source of risk for an emerging markets investor, and the nature of benchmarks often leads to an over-concentration of country risk which would make many investors uncomfortable. - Mathieu Negre from https://whatsmyquote.com/quote/country-risk-is-the-biggest-source-of-risk-for-an-emerging-markets-investor-and-the-nature-of-benchmarks-often