If Wall Street’s collapse threw a monkey wrench into your retirement plan, then the repair job might call for a BRIC.
In this case, BRIC stands for Brazil, Russia, India and China. Those four countries have become the hot topic among equity investors.
The stock markets in those countries lead equity exchanges collectively called emerging markets. This is where money managers say they see the best opportunities, given the outlook for a weak U.S. economic recovery over the second half of this year.
“Where’s the growth going to be? It’s going to be in emerging market countries,” said Kent Gasaway, a portfolio manager for the Buffalo Funds. “People will figure it out. They’re going to need more exposure there to get any growth in their portfolios.”
As stocks worldwide have begun to recover from last year’s drubbings, emerging markets have outpaced their more mature brethren in the United States and Western Europe.
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