(Bloomberg) -- Geopolitical risks may be on the rise in emerging markets, but investors from Goldman Sachs to BlackRock aren't much bothered by them. Developed nations, on the other hand, are giving them the jitters.

Take France: far-right presidential candidate Marine Le Pen and the Communist-backed Jean-Luc Melenchon are both polling in the top four less than two weeks before the first-round vote; the ripple effect of the U.K.'s vote to leave the EU is threatening to undermine financial stability in Europe; and Donald Trump's recent fixation on Syrian military strikes could spring a war.

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