luxembourg-based funds look to realise emerging markets potential
BNP Paribas Asset Management is to launch two Luxembourg-based funds investing in the BRIC countries. The funds will aim to capitalise on the growing interest from investors and potential economic growth of Brazil, Russia, India and China. The four countries were christened BRICs by Goldman Sachs in a well publicised report in October 2003. The report outlined the potential growth of Brazil, Russia, India and China to the year 2050. It stated that within 40 years, the BRICs economies could together be larger than the G6 economies in dollar terms. At the moment, BRICs are worth less than 1...
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