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DEC 10, 2013 - TheStreet

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ETF Space Grows Far Beyond BRICs

NEW YORK (TheStreet) -- In the last few months ETF investors have learned a new emerging market term, beyond BRICs, which refers to the new wave of fairly broad emerging markets funds that eschew Brazil, Russia, India and China -- as the latest thinking is that the BRICs are now correlating too closely to developed markets which will result in less promising growth. The increased correlation is one of the reasons that StateStreet just launched a third ETF to market SPDR EM Beyond BRIC ETF The idea of moving beyond BRICs is to move to countries that are lesser known, as the BRICs were ... Read More

Tags: ETF Space Grows Far Beyond BRICs,  Staples Latest News