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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Nomura, Mizuho face losses on All Blue fund’s failed trades
Stablecoin Tether steps up monitoring in bid to combat illicit finance
HSBC asked by US$890 billion investor group to set energy goal
Barclays is the latest firm to face anti-ESG wrath in Oklahoma
Barclays prices mortgage-backed notes in deal with GoldenTree
TD risks an earnings hit from US laundering probe, analysts say