Russia Is Now BRIC Favorite, Goldman Sachs’s O’Neill Says
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Russia has replaced Brazil as the top investment pick among BRIC nations for Jim O’Neill, chairman of Goldman Sachs Group Inc.’s asset-management unit.
“I’ve loved Brazil for many years but nothing ever goes in a straight line. I worry about the real. It’s far too strong,” O’Neill said today in a radio interview on “Bloomberg Surveillance” with Tom Keene and Ken Prewitt.