BRIC Acronym – Does it Have Any Relevance?

globeAlmost all do-it-yourself investors who are reading about emerging markets would be aware of BRIC acronym. BRIC stands for Brazil, Russia, India, and China. This BRIC label clubs four distinct emerging markets into a single entity. Based on this labeling, there are many different mutual funds, closed-end funds, and ETFs. What is ironical is there is no similarity except that they are supposed to be the new growing economies. Each of these countries have different governance structure, different governance policies, different types of economies, different strengths, different financial markets, different values, etc., Even with these differences they are clubbed together and viewed as single entity for investing in emerging markets. This is again one of the follies of Wall Street investment firms (think GS!). To top it off GS and other investment firms seems to have more lenient bent towards China’s market among the BRICs. Is this because these firms get more business in China? I am not sure if there is an open answer to this one. But clubbing all these countries under BRIC acronym does not make sense to me. continue reading rest of the article….

EPI Best among all of India Focused Funds

Emerging market equities are an asset class which individual investors should include in their portfolios. The relative allocation may vary depending upon individual’s risk profile. Earlier I discussed this asset class and its characteristics from the perspective of dividend investing philosophy. In addition, my investment method also calls for index-based investing to capture general market performance. The discussion below is a relative comparison of index based funds, ETFs, and ETN for India’s market and where they stand with reference to its constituents and performance. continue reading rest of the article….

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