Emerging Market Investors Think The BRICs Are Back
- Former Goldman Sachs economist coined the term in 2001
- Fund flows into BRIC nations at highest in almost two years
UBP's Calder Likes Global Equities, Emerging Markets
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Resurgent growth is reviving one of the past decade’s hottest trades.
Emerging-market investors are again piling into the so-called BRIC nations -- Brazil, Russia, India and China -- pushing monthly inflows and stock prices to nearly two-year highs. The bet is that a pickup in the global economy will fuel demand for the countries’ commodity exports, drive an expansion of middle-class consumption and help them shore up fiscal accounts.