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All four BRIC markets firing ahead (EEM, RSX, FXI, INDY, EWZ)

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The BRIC group of Brazil, Russia, India and China are being touted as the saviors of the euro zone, but in the here and now they are looking like the bulwarks of the emerging markets asset class as well.

At this point, the BRIC working together could buy out all the governments of the developed world with the exception of the United States.

But all are providing their own form of key structural ammunition to support the emerging markets rally.

These are not momentum headlines but real structural changes in the way they treat investors and conduct their economic affairs. All bring something interesting to the party that combines with yesterday's coordinated effort from the central banks of the developed world.

China ( FXI , quote ) started the ball rolling by easing back on its bank reserve requirements ahead of last night's terrible factory numbers .

India ( INDY , quote ) has announced a major change to their approach to foreign retail companies getting access to their massive middle class. This is effectively a restructuring program with major ramifications for global players and a positive catalyst for the markets overall.

Brazil ( EWZ , quote ) just reduced the tax it charges foreign equity investors to zero a day after cutting rates by another 50 basis points.

And Russia's Gazprom ( OGZPY , quote ), arguably the most important emerging stock, has announced a major change in their corporate policy and will finally pay investors a real dividend -- 5% -- after years of ignoring minority shareholder interests. Gazprom is a key player in the Moscow market, so as it goes, so go funds like RSX ( quote ).

Separately or in a global package like EEM ( quote ), these markets have some of the best propositions out there.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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