Emerging Money Daily Audio Call Preview for Friday May 9th begins with tone of caution into the weekend we’ve been pulling back on the Russian (RSX, quote) exposure. We trade Russia day to day here. We are seeing a breakdown in the Russell index, which is significant for global markets and we think Emerging Markets continue to perform.

We will be rebalancing the indices this weekend on the country allocator index. Currently we are over weighted Turkey (TUR, quote) and Brazil (EWZ, quote). On the call we will let you know what we are doing with both of those countries and where we are looking to adjust exposure.

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