Investors urged to bypass BRIC and broaden horizons

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BY focusing on Russia, China and India, many investors are overlooking a number of smaller 'up and coming' emerging markets, according to Gregor Holek, of Raiffeisen Capital Management's (RCM) Emerging Markets Equities team.

Holek cited Kazakhstan and Ukraine as two to watch. He said: "These countries occupy strategically important positions and offer interesting opportunities for selective stock investments." While the need for political, economic and social reform remains high, their geographical position at the centre of one of the fastest-growing regions in the world makes them ideally placed to benefit from rising demand for raw materials in Russia, China, India and the western industrialised countries, added Holek. Kazakhstan, with its wealth of natural resources and a comparatively low level of domes...

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