Allianz: BRIC now the "bedrock" for global economic growth

Recent analysis shows that compared with emerging markets as a whole, BRIC has significantly outperformed. Since the 'credit crunch' began one year ago, the BRIC economies have returned 7.2pc compared to -1.9pc generated by general emerging markets. Over two years, the MSCI BRIC has also significantly out-stripped the MSCI Emerging Markets, on a cumulative basis delivering 56pc versus 35.7pc, with similar notable outperformance over three and five years as well. Michael Konstantinov, manager of the Allianz RCM BRIC Stars fund, explained that the BRIC economies have fast become the bedr...