BRIC investing is officially dead at Goldman Sachs
The acronym “BRIC” refers to Brazil, Russia, India and China. It was later expanded to “BRICS” to include South Africa. BRIC investing has officially fallen out of favor. Goldman Sachs (GS)‘ asset management business has killed off its BRIC fund, concluding that it would not “experience significant asset growth in the foreseeable future.” The powerful…