Goldman Sachs Asset Management has launched the N-11 Equity Portfolio, a long-only fund investing in the securities of the ‘Next Eleven' countries.
The N-11 group, coined by Jim O'Neill and the Goldman Sachs Global Investment Research team in 2005, includes Bangladesh, Egypt, Indonesia, Iran, Korea, Mexico, Nigeria, Pakistan, Philippines, Turkey and Vietnam. GSAM chairman Jim O'Neill says: "It's been just over five years since the N-11 concept was established and it remains a long-term strategic investment proposition. "Whilst the N-11 are a diverse group of countries, what binds them together is their large populations, superior growth potential and strong domestic consumption story. Today we are translating this concept into an...
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