Investors looking for international or emerging markets tend to stick to international funds or ADRs from the so-called “BRIC’ nations of Brazil, Russia, India and China. But not all BRICs are created equal. China and Russia have impressive growth rates. But you have to be more selective in these markets. China is probably too reliant on stimulus money to boost its economy and there’s evidence of a growing Chinese bubble. Russia requires you to put your faith in a corrupt oligarchy. Sooner or later, China and Russia are more likely to suffer from these excesses than their BRIC colleagues, Brazil and India.