Geffen: Russian market to double in new Bric 'world order'

The economic monopoly enjoyed for so long by the US is set to come to an end, with Bric countries moving in to replace it, Robin Geffen says.

Speaking at the Fidelity FundsNetwork Investment Forum in London today, Neptune's managing director claimed the investment world has already shifted and is now heavily influenced either by trade between Brazil, Russia, India and China, or by trade involving the nations. He said the Russian market is in a position to double in value between now and the end of next year in the clearest sign yet the Bric movement is here to stay. According to Geffen, the impact of sub-prime has accelerated the shift in power away from the OECD. The agreements between China and Russia represent the mos...