The BRIC (Brazil, Russia, India, China) countries are growing at a substantial pace, helping exchange traded funds (ETFs) and Canada attractive to investors. Why Canada? No matter what happens with the U.S. economy, the BRIC countries will most likely buy their resources from Canada. Shirley Won for ReportonBusiness reports that strong growth in the BRIC countries and their growing middle class should also drive demand for metals used in infrastructure projects and gold for jewelry. Agricultural and industrial companies also play on the BRIC theme. Canada is filled with natural resources to help these countries grow.
BRIC focused ETFs include:
- SPDR S&P BRIC 40 (BIK)
- Claymore/BNY BRIC ETF (EEB)
- iShares MSCI Brazil Index (EWZ)
- Market Vectors Russia ETF (RSX)
- First Trust ISE Chindia (FNI)
- iShares FTSE/Xinhua China 25 Index (FXI)
- iPath MSCI India ETN (INP)
- iShares MSCI Canada Index (EWC)
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Mr. Lydon serves as an independent trustee of certain mutual funds and ETFs that are managed by Guggenheim Investments; however, any opinions or forecasts expressed herein are solely those of Mr. Lydon and not those of Guggenheim Funds, Guggenheim Investments, Guggenheim Specialized Products, LLC or any of their affiliates. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.