For years, investors and far-flung corporations have focused most of their attention on the emerging markets of Brazil, Russia, India and China for new growth opportunities as if they were the only new players that mattered.

That quartet, which is commonly referred to by the handy grouping acronym BRIC, is still growing and important but a new report released today by State Street Global Advisors makes it clear that countries like Turkey and Columbia are among the next crop of emerging markets that savvy investors have in their crosshairs.

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