Commsec adds South Africa to BRIC
Commonwealth Securities Commsec has released a new product into the market aimed at assisting investors to capitalise on growth in the emerging markets of Brazil, Russia, India and China as well as South Africa.
Commsec has released Capital Series 13, which it describes as a BRIC plus one product.
Commsec general manager Matt Comyn said Brazil, Russia, India and China had traditionally been identified as the most significant group of fast-growing, industrialising economies and a number of products had been developed that provided investors with exposure to them.
“While investors continue to see growth and value in the BRIC economies, they are always looking for unique opportunities, that is why we are offering exposure to BRIC plus one economies to add a little extra for investors,” he said.
Comyn said Commsec had settled on South Africa as the additional economy because it was a strong commodity exporter and global commodity prices were continuing to hold at historic highs.
AUTHOR
Mike Taylor
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