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BRIC Decade Ends: Goldman
As growth slows in emerging markets, stock funds see outflows.
In the past decade, mutual funds poured almost $70 billion into Brazil, Russia, India and China, stocks more than quadrupled gains in the Standard & Poor’s 500 Index and the economies grew four times faster than America’s.
Now Goldman Sachs Group Inc., which coined the term BRICs, says the best is over for the largest emerging markets.
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