Has the bubble burst?

Although returns from Brazil, Russia, India and China (Bric) have outperformed emerging markets indices by 13% this year, with an economic slowdown expected for 2007 prospects may not be as good. Investors have been attracted to Bric funds because they believe the large size of these economies will produce robust growth. However, this is a false security. Although the prospects for emerging markets for 2007 look good compared to the developed world, investors should understand what drivers have propelled each economy to achieve growth. Each Bric country does not perform in line with each ...