Interest in BRIC Funds, named for their focus on the emerging markets of Brazil, Russia, India and China, has been steadily rising, New Jersey's Daily Record reports.
Some experts believe their combined gross domestic product will eventually exceed that of the leading G6 nations of today: U.S., U.K., Japan, Germany, France and Italy.
Jim O'Neil, head of Goldman Sachs' global economic research, who coined the term, predicts the four BRIC nations will rank among the world's seven largest economies by 2050. He recently said that the four nations complement each other nicely, with Russia and Brazil abundant in natural resources and demand for those resources growing rapidly in China and India.
The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.