Considering the sluggish global economic activity, are you growing discouraged with the BRIC trade?
If so, you may be looking at the wrong emerging nations!
Ruchir Sharma, the head of emerging markets for Morgan Stanley tells us that investors who only focus on BRICs are making mistake.
Sharma says investors should also think about putting money to work in something he calls ‘Breakout Nations’
A list of his favorite break out nations follows:
Source: Ruchir Sharma, Morgan Stanley Head of Emerging Markets
Sharma defines ‘breakout nations’ as countries that will be able to beat expectations and grow better than their peer group in the same per capital income.
Learn more about this thesis. Watch the video now!
Ruchir Sharma is also author of Breakout Nations: In Pursuit of the Next Economic Miracles
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Trader disclosure: On Apr 16, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Tim Seymour is long AAPL; Tim Seymour is long BAC; Tim Seymour is long INTC; Tim Seymour is long CSCO; Pete Najarian AAPL ; Pete Najarian BAC CALLS; Pete Najarian C; Pete Najarian JPM CALLS; Pete Najarian MS; Pete Najarian INTC; Pete Najarian YHOO; Pete Najarian SBUX CALLS; Pete Najarian COP; Pete Najarian PEP; Pete Najarian HPQ; Pete Najarian HD CALLS; Karen Finerman is long AAPL; Karen Finerman is short AAPL CALLS; Karen Finerman is long BAC; Karen Finerman is long JPM; Karen Finerman is long WMT; Karen Finerman is long TGT; Karen Finerman is long RIMM CALLS; Karen Finerman is long HPQ; Karen Finerman is short SPY; Karen Finerman is short IWM; Karen Finerman is short MDY; Guy Adami is long C; Guy Adami is long GS; Guy Adami is long INTC; Guy Adami is long AGU; Guy Adami is long MSFT; Guy Adami is long NUE; Guy Adami is long BTU
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