The once-popular BRIC countries have soured over the last couple of years as performance has lacked peers.
The acronym that stands for Brazil, Russia, India and China was a widely successful investment strategy throughout the first decade of the 21st century.
As of late the performance has suffered for numerous reasons, however in the last week a renewed focus on India has investors once again looking at the group of countries. The world’s largest election ended last week with a new ruling party in India that many view as pro-business.
The outcome resulted in the Indian stock market hitting a fresh all-time high and helping the BRIC ETFs rally.
While the Indian stock market has turned around, the other three countries are dealing with issues that are holding back their respective economies. The problems in Russia are front and center as they continue to wreak havoc in the Ukraine.
Even with Russian equities trading at low single-digit valuations, investors are hesitant to invest in the country due to abnormally high geopolitical risk.
China has been dealing with a ...
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