Deconstructing BRIC ETFs

The four BRIC economies were grouped together in 2001 by Jim O'Neill, then head of global economic research, now chairman at Goldman Sachs Asset Management. The influence of his classification has been widespread, shaping both politics and investment strategy.  Over the past decade, Brazil, Russia, India and China have collectively contributed over a third of world GDP growth, according to the Goldman Sachs Commodities and Strategy Research team. China overtook Japan as the world's second largest economy in February this year, calling into question whether it can still be called an "em...