With Shanghai down 19% in a year, Goldman Sachs throws in the towel, saying "we have tactically...

|By:, SA News Editor

With Shanghai down 19% in a year, Goldman Sachs throws in the towel, saying "we have tactically reduced our weight." Worried about imbalances in India as well, GS is recommending rotating out of the BRICs and into Western markets, where monetary policy remains in a sweet spot.