► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs<br /><br />Developed stocks have just taken the lead over emerging equities over 10 years, for the first time since early 2007. James Mackintosh, FT investment editor, says the turmoil in emerging markets is nasty, but a full-blown crisis can be avoided.<br /><br />For more video content from the Financial Times, visit http://www.FT.com/video<br /><br />► FT Markets: http://bit.ly/1J5HNd3<br /><br />Twitter https://twitter.com/ftvideo<br />Facebook https://www.facebook.com/financialtimes