Unrest aids EM sell-off

Instability in the Middle East and the subsequent rise in oil prices are combining with inflationary fears that are seeing investors recoil from emerging markets. But, says Ann Wyman, head of EM research for the EMEA region at Nomura, the abatement is also a natural rebalancing of last year's capital flows. She tells the FT's Richard Milne that investors will need to get more comfortable with attempts by policy makers to confront inflation if EM equities are to regain the momentum of 2010.