Sinking BRICs: Are MINTs a better bet?

EMERGING MARKETS

Annabelle Williams asks if the newly grouped MINT economies of Mexico, Indonesia, Nigeria, and Turkey could be the next emerging markets to back.

Former Goldman Sachs AM chief economist Jim O’Neill – famed for coining the BRIC (Brazil, Russia, India, and China) acronym in 2001 – has grouped Mexico, Indonesia, Nigeria, and Turkey (MINT) together as the next best investment concept. O’Neill explained last month the outlook for some BRIC markets is no longer as rosy as previously thought. Ten years ago, the BRIC economies were regarded as the heavyweights of emerging markets. But the DAX Global BRIC E TR index returned 58.1% over five years to 10 January compared to a return of 106.2% from the S&P 500. BRIC break-up The reasons ...