Purchasing Managers Index, or PMI, data coming out of these four countries is pointing to stronger economic growth as the fiscal cliff looms in the U.S., Business Insider adds.
Within the individual BRIC nations, ETFs indexed to China and Brazil have been hot seller the past few months. [BRIC ETFs: Investors Jump Into China and Brazil]
Combined, the GDP of the BRICs nearly equals the U.S., Foreign Policy magazine reports. “Together, they make up 40 percent of the world’s population, 25 percent of the world’s landmass, and about 20 percent of global GDP. They already control some 43 percent of global foreign exchange reserves, and their share keeps rising,” it adds.
iShares MSCI BRIC Index Fund
