| They were sold the idea that the so-called BRICs (Brazil, Russia, India and China) would become global economic powerhouses and deliver double-digit investment returns for years to come. However, now the BRICs have fallen from grace, hitting the value of savers’ pensions and stocks and shares Isas.
If you bought an emerging markets fund, what do you do with it now? China crisis. Last month’s Black Monday share price crash in China shook the world but the storm clouds have been gathering for years. The Chinese authorities are desperately trying to deflate a property and credit bubble and it is not the only emerging market in trouble right now...............................................Full Article: Source
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