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Article: BUILDING BRICS: Bric consumers 'are the big game'.
- Article from:
- Fund Strategy
- Article date:
- September 21, 2009
CopyrightCOPYRIGHT 2009 Centaur Communications Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The collapse of Lehman Brothers one year ago last week plunged markets into turmoil. Investors sold off equities indiscriminately across global markets, including Bric countries.
Michael Konstantinov, the manager of the Allianz RCM Bric Stars fund, used the sell-off as an opportunity to add to high conviction holdings. At the time, he predicted that companies with solid balance sheets and strong cash flows would come out of the crisis in a stronger position than before.
Meanwhile, the Schroder International Selection Fund-Bric, managed by Allan Conway, was already defensively positioned.
Robert Kalin, the manager of the DWS Invest Bric ...