Barron's: BRIC Funds
15580 views
Rate Now: 1 2 3 4

average rating: 4.00 / 1 ratings
Created by Barrons
DESCRIPTION:

Date updated:07-07-2007

From 7-9-07:

"Two decades after Mark Mobius began preaching the attractions of emerging markets, investment in them is taking its next big leap forward. "Emerging markets then was a kind of amorphous concept, and nobody cared one way or another about the differences between the individual countries that made up the category," Mobius, a Franklin Templeton director, recalls. Today, that's different.

...Then there's the current sweet spot of the emerging-markets universe: Brazil, Russia, India and China: the "BRIC" markets...The acronym was coined in 2001 by Jim O'Neill, head of global economic research at Goldman Sachs, to describe the group of giant economies that he believed would overtake the developed markets in size and importance by the middle of the 21st century...Not surprisingly, investment firms around the world jumped aboard the BRIC bandwagon. EPFR Global, a Cambridge, Mass-based research firm, estimates that more than $13 billion is invested in the two dozen or so BRIC funds that have been launched in financial centers ranging from London and Luxembourg to Hong Kong and New York. Lately, however, investors' enthusiasm for these funds has waned...But the BRIC phenomenon appears to be far from over..."This is a 50-year theme, and we are still just at the start of that," says Gordon, who co-manages the Goldman Sachs BRIC fund (ticker: GBRAX).

symbol name last price % change open
  • +
  • GBRAX
    Goldman Sachs Bri
  • $8.01
  • +2.30%
  • $N/A

From Barron's 7-9-07: "Even BRIC fans like Goldman's Gordon agree that it isn't different this time. "There will be volatility," she says. Gordon hails her fund's one-year return of 44.83%, through May 31, before sales charges...But she hastens to add that "this isn't a story about five-year returns, but about what happens over decades. It's quite a long-term call."

People owning GBRAX also tend to own: ABXBACCSCOETJEWAFSTGE

TheStreet.com Rating: No Rating What is this?

  • +
  • TABRX
    Templeton Bric Fu
  • $7.92
  • +1.67%
  • $N/A

From Barron's 7-9-07: "Templeton BRIC Fund [TABRX] is up 49.59% in the year through June 30, before sales charges.

People owning TABRX also tend to own: GBRAXDODFXEKGAXFBRVXMXXIXSWANXFFALX

TheStreet.com Rating: No Rating What is this?

Portfolio not tracked!

  • No Videos Found

Comments not available

ADD YOUR COMMENTS:

Cramer's Take on Top-Searched St...

Investors were spooked on Wednesday as bleak broad-based corporate outlooks and dismal employment data dominated headlines. Stocks experienced their largest drop in more t...

01.07.09 | 21:39 PM
Top Stocks With Insider Buying, ...

At Stockpickr.com, we strive to keep track of insider purchasing and buybacks each week. Here's the perfect setup in my mind: insiders buying the stock, the company buying ...

01.07.09 | 18:35 PM
'Fast Money' Portfolios of the Week

The traders of CNBC’s "Fast Money" think the current stock market is a traders' market. In order to play a traders' market, you have to nimble. You also have to know whic...

01.07.09 | 17:33 PM
What Should Pfizer Buy?

Pfizer (PFE) CEO Jeff Kindler has hinted that the world’s biggest drugmaker is open to a large-scale acquisition. “The real goal is to grow revenues," he told the Fina...

01.07.09 | 17:12 PM
more articles
General market Technical Analysi...
11.14.07 | 22:55 PM From author ZackAttack
The Presidential/Political Thread
01.02.08 | 08:05 AM From author Dave Cox
Cartoon Thread
11.15.07 | 20:31 PM From author Gov. Peter Blagojevich
Full Disclosure
11.09.08 | 12:30 PM From author alchemist
more forums
Q. I am looking to invest monthly a...
01.07.09 | 23:17 PM Asked by richardjans

A. do yourself a big favor and read cramers
books first. no one should be in the
market without some knowledge of how it
works. also, the market may well be over
valued. no one knows. finally, if you
just have to ignore this advice, stay
way away from 2x or 3x etf's. good luck,
mike

today 's lists
Analyst Upgrades

Analyst Upgrades for Jan. 5, 2009 more

52-Week Lows

Here is a list of some of the biggest stocks that hit 52-week lows as of Jan. 7, 2009. more

Upcoming Stock Splits

This list consists of stocks with upcoming splits. It will be updated every 2 weeks. more