Bric economies still offer long-term growth prospects despite some overheating fears

Companies with exposure to Bric markets still have good long-term growth prospects despite fears the bloc is overheating, says F&C's Michael Ulrich.

The manager of the UK Mid-Cap fund says he favours companies that are well positioned to stay ahead of the competition. “We are still bullish on the long-term strength of the Bric economies” he says. “Despite the short-term market concerns, it does not seem a great leap of faith to say these economies will grow faster over the long term.” The £42m fund has holdings include Rotork, a UK company that does business in Eastern Europe, and Weir Group, an oil and gas explorer with a presence in China. “Rotork is small enough to keep growing, but big enough to have a significant presence....