4 Ways to Play the BRICs Now: Fund Manager
CNBC.com Writer
The leaders of the BRIC nations (Brazil, Russia, India and China) are meeting today in Russia to discuss everything from the financial crisis to the U.S. dollar.
Wendy Trevisani, co-portfolio manager of Thornburg Investment Management, discussed the importance of the BRICs — and the best ways to invest in them.
“Brazil is very well situated and one way to capitalize on that is owning the exchange Brazilian Bovespa,” Trevisani told CNBC.
“As interest rates come down, there’s more interest in investing in equities; this exchange is still relatively embryonic, but it’s the largest exchange in Latin America.”
Trevisani also recommended investing in Chinese stocks.
Hard to See Quick Rebound in China Economy
In the meantime, she said she is staying away from the other two BRIC countries—India and Russia.
“Russia is really dependent on oil prices and we don’t want to make a bet that oil is going up,” she said. And "India is very fragmented and does not have a lot of built-up infrastructure.”
Russia to Raise Reserve Currency Issue at BRIC
Recommendations:
Petrobras
Brazilian Bovespa
Baidu.com
ICBC China
Disclosure:
No immediate information was available for Trevisani or her firm.
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