Sector report: Examining the investment case for the BRICs

The experience of the major emerging market indices - the BRICs - since the global financial crisis has been divergent to say the least. Post-crisis Russia had been growing strongly on the back of its resource-intensive economy, with strong demand for oil and industrial metals, most notably from China. Indeed, it appeared the Russian market was back on track in 2011 until the Chinese economy started a slow and gradual decline. Then Putin's increasingly bellicose mood caused further market jitters until, finally, the Ukraine flashpoint sent the rouble and RTS [Russian Trading System] t...