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Rapid growth of BRIC markets waning, fund managers say

They suggest that investors should start focusing on countries that are net importers of oil and other commodities

Strong growth shored up emerging-market currencies, improved the financial standing of developing nations and raised corporate profits in these regions. That virtuous cycle, though, has now morphed into a more vicious one.

New York

INVESTING in rapidly developing economies is an inherently risky proposition. That is why more than a decade ago, investors embraced what seemed a prudent approach: focusing on the BRIC countries - Brazil, Russia, India and China - which have the largest and most liquid stock...

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