Emerging markets investments discussed by Morningstar
In an industry known for its veritable alphabet soup of acronyms, the lower or even vanishing usage of “BRIC” — that’s Brazil, Russia, India and China — is a sign of the times.
Amid “a state of deep outflows” in mutual funds and ETFs tied to emerging markets, research firm Morningstar retired its BRIC category last year because “those strategies were relics of an age when the hot investment theme was the growth” in those countries and South Africa,
