Brazil has just replaced China as the leader of the emerging markets index. See http://www.ft.com/cms/s/0/14a643e4-e63a-11dc-8398-0000779fd2ac,noOfParas=2,emailFormat=plainText,storyType=ultralight,dwp_uuid=8fa2c9cc-2f77-11da-8b51-00000e2511c8,print=no,_i_email=y.html