Generalizing about so vast a swath of the planet is hazardous, but for the most part, the Omicron variant, soaring inflation, tightening monetary policy, political strife and climate change threaten these countries more urgently than rich ones. Stock markets in those countries have generally dropped this year, while the American market has risen. For these reasons, experts on and off Wall Street generally recommend paring down exposure to them over at least the next several months.One problem is that Western central banks have begun moving toward a more restrictive monetary policy. “That, historically, has led to asset flows out of emerging markets, which can hurt them badly,” said Anu Gaggar, global investment strategist for Commonwealth Financial Network.On Thursday, the Bank of England raised its …
