Is Brazil The Next BRIC To Ride EM Equity Wave?April 17, 2015
On an equal-weighted, USD basis, Russia is up 46% year-to-date, by far the best performing country in the MSCI All-Country World Index. Coming in second, is China which is up 29%. India is the 14th best performing country (8.2%). The lone man out is Brazil which is the fifth WORST performing country year-to-date, one of only 10 countries posting a negative return year-to-date (-7%). However, there are some signs in the market internal data for Brazil that momentum is picking up.