Don't Rule Out the BRICs

Goldman Sachs was right to end its fund, but the concept still has value for investors.
Mohamed El-Erian's Plan to Stick With the BRICS

Goldman Sachs' recent decision to merge its BRIC fund into a broader emerging-markets fund does not signal that the idea of grouping the economies of Brazil, Russia India and China has outlived its usefulness. Rather, the move is a timely reminder that analytically sound concepts need not always translate into durable investment approaches -- and for good reasons.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.