Goldman Sachs Dumps EM Funds

Goldman Sachs is calling it quits in Brazil, Korea and India.

According to a report from Morningstar, the firm plans to shut down the $6.4 million Goldman Sachs Brazil Equity (GZIAX), the $2.2 million Goldman Sachs Korea Equity (GWIAX), and the $5.7 million Goldman Sachs Indian Equity fund (GIAAX).

The funds have struggled to attract assets since their launches in spring 2011 and will liquidate at the end of November, according to Morningstar.

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