Matt Krantz at USA Today touts the value of a BRIC-related exchange traded fund (ETF). As the U.S. economy puts on the brakes, the BRIC countries (Brazil, Russia, India, China for those just joining us) are looking good. Their economic growth is predicted to continue into the near future, thanks to growing populations, bustling city centers and a wealth of natural resources.
Sure, you could just track the individual stock markets of those countries. But investing in an ETF that kills four birds with one stone is probably a less cumbersome use of your time.
- SPDR S&P BRIC 40 (BIK), up 28.8% since its inception on June 22
- iShares MSCI BRIC Index (BKF), down 0.2% since its inception on November 20
- Claymore/BNY BRIC (EEB), up 51.3% year to date
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.