Hi @Chella
As per @Moonshine66's point of indirect emerging market exposure and the situation in Turkey. Have a look at the number of stores Starbucks has there:
Source: https://www.statista.com/statistics/541629/number-of-starbucks-stores-in-europe/#:~:text=The%20most%20number%20stores%20were,France%20with%20187%20Starbucks%20stores.
How is this measured in the 4%? Is there more indirect exposure to Emerging Markets?
Best of Luck
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