William Bernstein is exactly right on with this article.
You will be hearing the term BRIC more and more often – it stands for Brazil, Russia, India, and China (B-R-I-C).
These funds will invest only in these countries, what a stupid concept, ignore it.
Bernstein goes more in depth than you probably want to know, but the bottomline is these funds don’t fit into a diversified portfolio.
Scott Dauenhauer, CFP, MSFP