In less than 15 years, the BRIC economies collectively could account for an estimated half of the size of the G6 (the United States, Britain, Germany, Japan, Italy and France). By 2050, they are expected to be larger than all the G6 economies put together. Ever since the term was introduced, BRIC has been a symbol of promising returns for investors.
In Hong Kong, as in other markets worldwide, various funds focused on BRIC as their investment strategy have cropped up in recent years.
In past years, the BRIC countries were supported by high growth rates. Between 2002 and 2007, the annual gross domestic product growth averaged 10.4
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