Are the Brics superpower funds now too toxic?
There have been half a million Covid deaths in Brazil; human rights breaches in China; India is still struggling with the pandemic and there is a military stand-off with Russia in the Black Sea. For two decades these four nations, known as the Brics, have been talked about as the future of investing. Between 2001 and 2011 the MSCI BRIC index returned 379 per cent versus a 7.5 per cent gain for the MSCI World index of developed stock markets. Sponsored  Dozens of Bric funds were launched, but todays concerns over the countries mean that just three remain. Goldman Sachs merged its Bric Equity fund with its Emerging Markets Equity fund in November. Darius McDermott from