The BRIC countries and exchange traded funds (ETFs) might be seeing even better days as the four countries meet this week to discuss economics and international cooperation.
The foreign ministers of the four BRIC countries – Brazil, Russia, India and China – are going to cover topics such as food, energy, terrorism, climate change, finance, trade and nuclear proliferation over the three-day summit, reports Joanne Von Alroth for Investor’s Business Daily.
This is the first time the four countries are meeting exclusively, and many feel the quartet should be a part of the G-8 because of their strong economic growth. China and India are solid in manufacturing, while Russia and Brazil have got raw materials covered.
According the Goldman Sachs, the collective wealth of these countries will outshine that of the currently more prosperous G-6 countries (France, Germany, Italy, Japan, the U.K. and the U.S.) by 2050.