The record low oil price would ordinarily benefit oil importers, but the COVID-19 pandemic means these are anything but ordinary times.
When investing, it can help to take a broad approach to the world beyond domestic Australian equities.
However, there are headwinds to this overseas approach, particularly when investing in emerging markets, and it is important to remember emerging markets are not necessarily in the same shape as their developed market counterparts.
Factors to consider with emerging markets which are less of a consideration for developed markets include the political stability of the country, the stability of the currency, their fiscal deficit and economic outlook.
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