What is interesting is that these resource rich countries were riding high, and now the fall of commodity prices has shot them down. This type of volatility is what investing abroad can entail, but the reward can also be worth it.
The flexible and ever-present U.S. economy has taken hits from high energy prices, mortgage meltdowns, and credit tightening in stride. So the U.S. dollar may be ready to set new records and begin its climb back up after a long three years.
Broad BRIC ETFs include:
- iShares MSCI BRIC Index Fund (BKF): down 25% year-to-date; Brazil, 34.6%; China, 31.5%; India, 12.6%; Russia, 11.7%
- SPDR S&P BRIC 40 (BIK): down 20.8% year-to-date; China, 38.4%; Brazil, 27.3%; Russia, 17%; India, 5.6%
- Claymore/BNY BRIC (EEB): down 20.7% year-to-date; Brazil, 57.8%; China, 18.2%; India, 7.6%; Russia, 5%
Single-country BRICs include:
- Market Vectors Russia ETF (RSX): down 17.9% year-to-date
- iShares MSCI Brazil Index (EWZ): down 9.6% year-to-date
- PowerShares India (PIN): down 15.5% since March 5 inception
- WisdomTree India Earnings (EPI): down 21.4% since Feb. 26 inception
- iShares FTSE/Xinhua China 25 Index (FXI): down 26.9% year-to-date
- SPDR S&P China (GXC): down 31.3% year-to-date
