Rebuilding the BRICs: Which region has the best prospects?

The BRICs have made something of a comeback this year following a 2013 many investors in the regions will want to forget, but which country now offers investors the best prospects?

The four countries – which account for much of the growth in emerging markets – collectively fell 20% in the space of two months after the US said it would taper its stimulus measures. Stocks later gained some lost ground, but regional indices still limped home in December 7% lower for the whole of 2013. This year started much the same, with the worst rout in five years seen in January as the Fed’s move to unwind QE again hit emerging market currencies and stock prices. However, over the last three months the BRICs – driven predominantly by India and Russia – have rallied hard, with t...