Many investors intrigued by potential investing opportunities in the developing world often cast their eyes on BRICS. The term is the acronym for a group of large emerging-market nations: Brazil, Russia, India, China and South Africa.
Others have recently joined the group, constituting an increasing share of the world economy.
What are BRICS?
The original acronym (minus the “S”) was coined in 2001 by Goldman Sachs economist Jim O’Neill to describe an analytical grouping. He recognized that, with their fast-growing economies, the first four countries, Brazil, Russia, India and China, could become an economic bloc rivaling developed markets. The four nations liked the idea of being thought of as a powerful bloc and began to meet informally in 2006.
Fidelity Emerging Markets Limited (LON:FEML) is an investment trust that aims to achieve long-term capital growth from an actively managed portfolio made up primarily of securities and financial instruments providing exposure to emerging markets companies, both listed and unlisted.
