BASIC BRIC

The year has more or less come to an end with 4 trading days left. The major seismic change for me this year was the emergence of the so called emerging markets. The G7 and G8 have lost its power. The G20 is the way forward. Apart from that the countries that will hold the most power in global policy whether economic or otherwise will be China ,India, Russia, Brazil and South Africa. The climate conference in Copenhagen saw the replacement of Russia with South Africa to form a new group called BASIC. Next year will see a lot of funds focussed on these countries.   Now the sharpe or sortino ratio of these funds may not be as high as the BRIC or global funds but the long term annualised returns will be extremelly attractive. A fine balance will

-- Sent from my Palm Prē