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2011 was not a particularly good year for Brazil, Russia, India and China, a.k.a. the BRICs.
The iShares ETFs for China and Brazil are down about 20% each this year while the Market Vectors Russia ETF is down almost 30% and The Indian Fund is down about 50%, a poor showing vs. flat-to-slightly higher returns for U.S. blue chip indexes.
For some insight on the BRIC's 2012 outlook, I checked in with the man who created the now ubiquitous term: Jim O'Neill, chairman of Goldman Sachs Asset Management and author of The Growth Map.
In addition to being viewed (rightly or wrongly) as a single asset class, the BRICs are all dealing with "having to do to more things to be more and more adult," O'Neill says. More practically, each of the BRICs spent much of 2011 trying to quell inflation.
"The good thing is it looks as though inflation is turning in all four," he says, predicting BRIC stocks may continue to lag the U.S. in the first half of
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