The new pseudonyms in the world of business. Some are growing and some on the cusp of breakout, and other clearly deeply troubled and literally falling like a pack of bricks. How will they contribute to the world economics in the coming years.
BRIC – Brazil, Russia, India and China.
CIVETs – Colombia, Indonesia, Vietnam, Turkey and South Africa
PIGS – Portugal, Ireland, Greece and Spain
Interesting article on the pseudonyms in world business.
But he’s up against another catchier tag: “civets.” When I first read about this one, I was ready to file it under “sports teams named after obscure mammals more meaningful in their hometowns than they are to me.” No, actually, a civet, or civet cat, is an African or Asian animal. Civets are also involved in the making of some perfumes. How involved? Hmm, let’s just say, not as investors.
But to an investor, a CIVETS fund is one that invests in Colombia, Indonesia, Vietnam, Egypt, Turkey, and South Africa.