- The Big Picture - http://www.ritholtz.com/blog -

Beyond BRICs

Posted By Barry Ritholtz On September 3, 2013 @ 12:00 pm In Investing,Markets,Valuation | Comments Disabled

Click to enlarge
Chart [1]

 

Shorter Dave Wilson: Emerging markets have stunk the joint up.

The longer version looks at some of the new ETFs that seek to shore up performance of emerging-market stocks by dropping the BRIC part of EM:

-The four-country BRIC indicator has slipped 15 percent, with Brazilian stocks leading the decline.

-Beyond BRICs index compiled by Indxx LLC has fallen 13 percent for the year. It tracks the decline in the MSCI Emerging Markets Index, (BRICs + 17 other countries).

-Both indexes have dropped about as much as the MSCI BRI Index, also shown in the chart. The four-country indicator has slipped 15 percent, with Brazilian stocks leading the decline.

Note that State Street filed to start an exchange-traded fund known as the SPDR MSCI Beyond BRIC ETF — it would be emerging markets excluding Brazil, Russia, India and China.

 

 

Source:
Emerging-Stock Drop Thwarts Going Beyond BRICs
David Wilson
Bloomberg,August 30, 2013

 


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2013/09/beyond-brics/

URLs in this post:

[1] Image: http://www.ritholtz.com/blog/wp-content/uploads/2013/08/0831chart.jpg

Copyright © 2008 The Big Picture. All rights reserved.