Arjuna Mahendran, head of Asia investment strategy at HSBC Private Bank, believes BRIC Indices may continue to drop another 20% in 2012 due to the liquidity squeeze coming out of the Eurozone.
“In emerging markets across the board, all the numbers are pointing toward meaningfully slower growth” next year, Rajiv Jain, money manager at Vontobel Asset Management Inc., said in the WSJ story.
“In emerging markets, we’re waiting for things to get worse before they get better,” Michael Shaoul, the chairman of Marketfield Asset Management, said in the article.
- iShares MSCI BRIC Index Fund ETF (NYSEArca: BKF): down 24.4% year-to-date
- Guggenheim BRIC ETF (NYSEArca: EEB): down 23.8% year-to-date
- SPDR S&P BRIC 40 ETF (NYSEArca: BIK): down 18.1% year-to-date
- Direxion Daily BRIC Bull 2x Shares ETF (NYSEArca: BRIL): down 45.6% year-to-date
- Direxion Daily BRIC Bear 2x Shares ETF (NYSEArca: BRIS): up 8.8% year-to-date
iShares MSCI BRIC Index Fund ETF
For more information on the BRICs bloc, visit our BRICs category.
Max Chen contributed to this article.