BRICS bloc signals financial independence

clock

Investec Asset Management believes this year's BRICS Summit recently held in South Africa was more about communication between the five countries rather than coordination which is a concept still in its infancy.

Brazil, Russia, India, China and South Africa make up the BRICS bloc of nations and account for one-quarter of the global economy which generates the bulk of global growth. “Firstly, they are communicating the importance of the BRICS countries to the rest of the world. Furthermore, they are communicating among themselves and getting to know each other,” says Andre Roux, co-head of fixed income and currency at Investec Asset Management. However, while the main action item for this year’s Summit was to secure agreement on the launch of a BRICS Bank, proposals now look likely to be delay...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Offshore Investment

New awards will celebrate excellence in Channel Islands financial services

Entries now open - deadline for submissions 8 June 2016

Professional Adviser
clock 17 March 2016 • 1 min read

Who won at the International Fund & Product Awards 2015?

Canada Life International, Schroders, and Old Mutual International among winners

Professional Adviser
clock 08 October 2015 •

Revealed: Winners of the 2015 Fund Services Awards

Firms offering services to asset managers honored at gala dinner

Professional Adviser
clock 08 October 2015 •