Allianz urges investors to consider all BRIC economies

Allianz Global Investors, which manages the Allianz RCM BRIC Stars fund, is urging investors to review their exposure to the key emerging markets of Brazil, Russia, India and China, following analysis showing that investing in a balanced portfolio of these four markets has delivered a lower level of volatility than investing in any of these markets individually. "Individually the BRIC markets are relatively uncorrelated and global factors which have a positive impact on one particular market can have the opposite effect on another," said fund manager Michael Konstantinov. "For example,...