Please click the link below to view Shane Oliver's thoughts on the threat posed from emerging markets.

Key points are:

• Concerns about emerging countries on the back of various political problems and trade imbalances that leave them vulnerable as the Fed slows down its monetary stimulus appear to have triggered a correction in markets.
• The relative weakness in emerging market shares and currencies is part of a broader turn in the long term secular cycle away from them.
• However, while it makes sense to be cautious about emerging market shares generally, a re-run of the 1997-98 Asian crisis is unlikely.