BLOG: Are CIVETS the new BRICs?

Another investment theme with a catchy acronym is moving into the limelight, but is there a story behind the moniker?

This week saw the unveiling of not one but two CIVETS funds investing in a new set of emerging markets, namely Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa. The offerings - from HSBC's global asset management arm and specialist investment house Castlestone Management - are attempting to benefit from the growth of what HSBC calls the "next generation" of emerging markets, with parallels to BRIC funds already being made. But, the million dollar question as always is - when is the right time to invest? Data from Standard & Poor's shows if you had invested in its CIVETS...