Commsec adds South Africa to BRIC
Commonwealth Securities Commsec has released a new product into the market aimed at assisting investors to capitalise on growth in the emerging markets of Brazil, Russia, India and China as well as South Africa.
Commsec has released Capital Series 13, which it describes as a BRIC plus one product.
Commsec general manager Matt Comyn said Brazil, Russia, India and China had traditionally been identified as the most significant group of fast-growing, industrialising economies and a number of products had been developed that provided investors with exposure to them.
“While investors continue to see growth and value in the BRIC economies, they are always looking for unique opportunities, that is why we are offering exposure to BRIC plus one economies to add a little extra for investors,” he said.
Comyn said Commsec had settled on South Africa as the additional economy because it was a strong commodity exporter and global commodity prices were continuing to hold at historic highs.
AUTHOR
Mike Taylor
Recommended for you
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
Having peaked at more than 40 per cent growth since the first M&A bid, Insignia Financial shares have returned to earth six months later as the company awaits a final decision from CC Capital.
