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"The worry is that this is a large economy and they have a large exposure," Mr. Goldstein said.
"Although a precise ranking is not possible, analysis shows than many pension funds from the UK have a large exposure to the carbon bubble.
A person who had talked to Goldman officials, but who refused to be quoted by name, said that firm did not have a large exposure to Volkswagen.
Spanish banks also have a large exposure to Portuguese public debt, and would suffer if they could not use Portuguese bonds as collateral in central bank liquidity operations.
Nails were also being bitten in Japan, where investors have a large exposure to Enron's bonds.Enron was the dominant trader in the markets for energy that had been spawned by electricity deregulation in America.
A joint venture between MGM Resorts International and the daughter of a Hong Kong casino mogul raised $1.5 billion on Friday in its initial public offering, highlighting the strong appetite for stocks that have a large exposure to China.
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He said that any company that currently has a large exposure to the Internet "has, one way or the other, a serious problem with Google".
Moreover, Bladex has a large exposure to Brazil due to its relative economic size.
We had a large exposure to newspapers, magazines, advertising agencies, television stations.
But Barnett's fund is substantially smaller at £285m, compared to the billions run by Woodford, and he has invested less in healthcare and has a larger exposure to financials.
About a year ago managers overseeing the $110 billion Vanguard Prime Money Market Fund, for instance, decided to reduce the fund's holdings of banks in different countries that had a larger exposure to Greece and other countries in the periphery.
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