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Interested in emerging markets? If so, here are some ideas to get you started.

We ran a screen on US-traded stocks from the BRIC countries (Brazil, Russia, India and China) for those seeing the most significant net increase in institutional selling.

We screened for those with bearish sentiment from institutional investors, with significant net institutional sales over the last quarter representing at least 5% of share float. This indicates that institutional investors such as hedge fund managers and mutual fund managers expect these names to underperform in the future, despite trading near yearly highs.

We were left with 4 stocks in our list.

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.

Do you think money managers are right about taking risk off their books? Use this list as a starting point for your own analysis.

1. Changyou.com Limited (CYOU): Develops and operates online games in the People's Republic of China. Market cap at $1.66B, most recent closing price at $31.41. Net institutional purchases in the current quarter at 877.1K shares, which represents about 8.87% of the company's float of 9.89M shares. The top 2 sellers of the stock are Cavalry Management, and Pictet Asset Management.

2. eLong Inc. (LONG): Operates as an online travel service provider in the People's Republic of China. Market cap at $522.01M, most recent closing price at $15.21. Net institutional purchases in the current quarter at 186.9K shares, which represents about 5.34% of the company's float of 3.50M shares. The top 2 sellers of the stock are Sigma Capital Management, and SAC Capital Advisors.

3. Sina Corp. (SINA): Provides online media and mobile value-added services (MVAS) in the People's Republic of China. Market cap at $3.7B, most recent closing price at $55.51. Net institutional purchases in the current quarter at 4.2M shares, which represents about 6.68% of the company's float of 62.86M shares. The top 2 sellers of the stock are Allianz Asset Management, and Schroder Asset Management.

4. Spreadtrum Communications Inc. (SPRD): Operates as a fabless semiconductor company that designs, develops, and markets baseband processor and RF transceiver solutions for wireless communications and mobile television markets. Market cap at $794.53M, most recent closing price at $17.31. Net institutional purchases in the current quarter at 5.5M shares, which represents about 16.67% of the company's float of 33.00M shares. The top 2 sellers of the stock are Waddell & Reed Financial, and Putnam Investment Management.

Institutional data sourced from Fidelity, all other data sourced from Finviz.

Source: Hedge Funds Are Selling These 4 BRIC Stocks