However, since then and in recent months, Russia and Brazil have been buffeted by recessions while China has struggled to stabilize its volatile stock market in the face of a slowing economy, and India has struggled to implement reforms that would speed up the country's growth. Signalling the end of an era, BRIC has quietly pulled the plug on its loss-making US Securities and Exchange Commission fund, after losing 21% in recent months , by merging it with a broader emerging market fund, according to a BRIC filing; the bank's reason was that it did not anticipate "asset growth in the foreseeable future".
Signalling the end of an era, BRIC has quietly pulled the plug on its loss-making US Securities and Exchange Commission fund, after losing 21% in recent months , by merging it with a broader emerging market fund, according to a BRIC filing; the bank's reason was that it did not anticipate "asset growth in the foreseeable future".