Brics are not as safe as houses

The current performance of Bric funds is posing a difficult problem for groups who have said such pr...

The current performance of Bric funds is posing a difficult problem for groups who have said such products are about much more than just a strong marketing concept. While there are certain Bric products well ahead of the broader emerging market vehicles, the majority are very much in line in performance terms. And if a narrower universe is not resulting in materially stronger performance, what exactly is there to recommend Bric funds above the emerging market pack? The Bric concept started life in 2003 when Goldman Sachs highlighted several common traits in the rapidly growing economies o...