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Thursday, March 31, 2011

BRICs or BICs or nothing?

Are the BRICS falling out of favor? It looks like it in the next chart.  Returns for the last 6 months of several ETFs are plotted.
PEK=China, INDY=India, RSX Russia, EWZ=Brazil, GSPC= S&P500... Only Russia outperforms...
Do they really?


The next chart shows what happened with exchange rates for the last 6 months...

Russia greatly underperforms, taking all the gains away

BRICs or BICs or nothing?

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