Next generation of emerging economies
We know about the BRIC countries. Now a new crop of nations could become the next investing hot spots.
BRIC, the countries of Brazil, Russia, India and China, have long been recognized as an investment goldmine. Economists at Goldman Sachs (GS) have suggested that BRIC could become huge forces in the world economy by 2050.
Now some are suggesting investors update their international focus to CIVETS: Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa. The bank HSBC reportedly first coined the term, with the chief executive saying he liked the countries for the following reasons:
- They have large, young and growing populations.
- They have diverse and dynamic economies.
- They are politically stable.
So how can you make a sensible investment in an unproven idea that's starting to gain traction? Investopedia recommends going the ETF route for each country:
Colombia: Global X FTSE Colombia 20 (GXG)
Indonesia: Market Vectors Indonesia (IDX) or iShares Indonesia (EIDO)
Vietnam: Market Vectors Vietnam (VNM)
Egypt: Market Vectors Egypt (EGPT)
Turkey: iShares Turkey (TUR)
South Africa: iShares South Africa (EZA)
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
The apparel chain takes a hard hit after blaming the weather for its quarterly sales decline. But cold temperatures don't explain the drop in full-year sales as well.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.