As confidence grows following the global equity rally in March, investors are showing renewed interest in the world's biggest emerging market economies – Brazil, Russia, India and China, also known as the Bric group.
Appetite, in part, comes from the faster rate of growth of some of the Bric economies compared with those of developed countries. China and India in particular are seen as motors of the global economy with growth this year forecast at 7.5 and 5.8 per cent respectively.
“While the green shoots may be thin on the ground in developed markets, the recovery in emerging market economies, especially the Brics, is more readily visible,” says Julian Thompson, head of global emerging market equities at Threadneedle.
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