Year of BICs for Pimco as Brazil to China Gain: Chart of the Day

Emerging markets are decoupling from Russia as investors withdraw funds because of sanctions over Ukraine, putting money into stocks from Brazil to India and China.

“This is shaping up to be a year of BRICs absent the R,” Masha Gordon, who oversees more than $2.5 billion in assets as head of emerging-market equities at Pacific Investment Management Co. in London, said in a July 29 interview.