BRICs back in favour with emerging-market investors
Money managers are pushing monthly inflows and stock prices to nearly two-year highs
Sao Paulo
RESURGENT growth is reviving one of the past decade's hottest trades.
Emerging-market investors are again piling into the so-called BRIC nations - Brazil, Russia, India and China - pushing monthly inflows and stock prices to nearly two-year highs. The bet is that a pick-up in the global economy will fuel demand for the countries' commodity exports, drive an expansion of middle-class consumption and help them shore up fiscal accounts.
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