Goldman Sachs and Axa confirm Bric portfolios

There has been a slew of managers investing in Brazil, Russia, India and China (Bric), with both Axa Investment Managers and Goldman Sachs announcing launches. AXA Investment Managers fund will not only invest in the Bric regions but also Korea. The Axa WF Talents Brick portfolio is Luxembourg domiciled and has a minimum investment of $2,000 (£1142) or euro or sterling equivalent. The annual management charge is 1.75% and the initial fee is up to 5.5%. There is no benchmark to the fund, but its performance will be compared to the MSCI Emerging Market Free Index. The portfolio will have ...