The challenge facing today’s emerging market investors is to discern order — or at least pattern — among a great diversity of different countries, assets, risks and opportunities. Some attempts have been made to group countries that seem to share attributes, such as the Brics (Brazil, Russia, India and China). But any static grouping inevitably loses relevance over time. A more dynamic system is called for, but one that continues to find order even as EM growth trends ebb and flow.
当今新兴市场投资者面临的挑战是,在众多不同国家、资产、风险和机遇当中找出规律,或者至少是格局。此前已经有人将似乎具有共同特征的国家归为一类,比如将巴西、俄罗斯、印度和manbetx3.0 称为“金砖国家”(Bric)。但任何静态分组都不可避免地会随着时间推移而丧失相关性。需要有一种更为动态的体系,即便在新兴市场增长趋势起起伏伏之际也能继续找到规律。