How Do You Invest In BRIC Mutual Funds?
The economies in the BRIC countries-Brazil, Russia, India and China-are booming. So much so, in fact, that Goldman Sachs economist Dominic Wilson says they will be some of the world’s most powerful economies by the middle of this century. Investing in BRIC mutual funds now is difficult, as your choices are limited and expensive, but as they become more popular, it will become easier and more affordable. Understand what you’re getting into. Investing in the economies of foreign countries is complicated, so visit Morningstar, listed in Resources below, or other respected investment Web sites to learn as much as possible. Study the innovator. Visit the site of Franklin Templeton, listed in Resources below, the company that launched the first U.S.-registered BRIC mutual fund. Since this is a new type of mutual fund, studying its brief history is invaluable. Search for options. The number of financial and investment companies that offer BRIC mutual funds is small, but expanding quickly, jus
