Goldman's "Next 11" Markets Are Sinking Even Faster Than the BRICs

``Share prices in these "Next 11" countries -- places like the Philippines, Turkey and Mexico -- were trading at all-time highs as foreign investors flooded their markets with cash. Inflows into Goldman Sachs's U.S.-domiciled Next 11 equity fund sent assets under management to twice the level of the firm's BRICs counterpart. Now, though, the Next 11 countries are looking even worse for investors than the larger markets they were supposed to supplant. MSCI Inc.'s Next 11 equity gauge has tumbled 19 percent this year, versus a 14 percent slump for the BRIC index. Foreign capital is rushing out, with the Goldman Sachs fund shrinking by almost half as losses deepened to 11 percent since its inception four years ago.''