- The Big Picture - http://www.ritholtz.com/blog -
Posted By Barry Ritholtz On September 3, 2013 @ 12:00 pm In Investing,Markets,Valuation | Comments Disabled
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.
Emerging-Stock Drop Thwarts Going Beyond BRICs
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:
 Image: http://www.ritholtz.com/blog/wp-content/uploads/2013/08/0831chart.jpg
Copyright © 2008 The Big Picture. All rights reserved.