BRIC stock markets ‘hold promise’
Emerging markets like Brazil, Russia, India and China – the so-called BRICs – have more potential in their economies than many more developed nations, according to recently-compiled data.
The figures from Bloomberg and Morgan Stanley show that the value of businesses in the BRIC markets are worth a total of about $1.71 trillion, which is 25 per cent of their national GDPs.
This is approximately the same as the proportion for the US, Bloomberg has stated.
The Morgan Stanley Capital International emerging markets index has shot up by five times from September 2001.
Brazilian indexes have risen substantially of late, providing tempting offerings for investors.
It was in November of 2001 when the BRIC acronym was coined by the economist Jim O’Neill. He claimed that these developing countries would have economies as large as the US and Japan by the year 2050.
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