With sluggish growth forecasted for the next few quarters an unemployment rate quickly approaching 10%, many U.S. investors are looking beyond their borders for new investment opportunities. While developed European and Asia Pacific economies have received a significant amount of attention, the most popular investment destinations remain the four largest emerging market countries: Brazil, Russia, India, and China, collectively known as the “BRIC” economies. Together, these four countries currently comprise 40% of the world’s population and 15% of GDP, ensuring that they will be a force to be reckoned with on the global stage for years to come. Meanwhile, combined foreign reserves total over $3.1 trillion, potentially allowing these countries to influence world trade and push politics more towards a multipolar world. [click to continue…]
Gilman and Pastor LLP have filed a class action lawsuit in the U.S. District Court for the District of Maryland on behalf of investors who purchased the ProShares UltraShort MSCI Emerging Markets Fund (EEV), alleging that ProShares issued “false and misleading Registration Statement, Prospectuses, and Statements of Additional Information.” The complaint goes on to allege [...]
