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BRIC Decade Ends: Goldman

As growth slows in emerging markets, stock funds see outflows.

By Michael Patterson and Shiyin Chen, Bloomberg | Updated on December 28, 2011

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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