If that were the case the S&P500 would have one heck of a reputation problem.
https://www.bloomberg.com/news/articles/2016-12-27/top-2017-emerging-emea-picks-are-all-things-russia-avoid-turkey?cmpid=socialflow-facebook-markets&utm_content=markets&utm_campaign=socialflow-organic&utm_source=facebook&utm_medium=social
