BRICS Alliance Explores Expansion Amid Shifting World Order: Investors Eye These 5 ETFs
Portfolio Pulse from Piero Cingari
Several countries including Argentina, Egypt, Indonesia, Saudi Arabia, and Iran are considering joining the BRICS alliance, which currently represents 40% of the global population and over a quarter of the world's GDP. This potential expansion has led to increased interest in ETFs related to these countries, including iShares MSCI Saudi Arabia ETF (KSA), Global X MSCI Argentina ETF (ARGT), VanEck Vectors Egypt Index ETF (EGPT), iShares MSCI Indonesia ETF (EIDO), and iShares MSCI Emerging Markets ETF (EEM).
August 23, 2023 | 8:33 pm
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POSITIVE IMPACT
Argentina's potential BRICS membership could offer economic revitalization, positively impacting ARGT.
Argentina's potential inclusion in BRICS could lead to economic revitalization, which could positively impact ARGT.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Potential expansion of BRICS could increase interest in emerging market equities, positively impacting EEM.
Potential expansion of BRICS could lead to increased economic activity in emerging markets, which could positively impact EEM.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Egypt's strengthening ties with Russia and China and potential BRICS membership could positively impact EGPT.
Egypt's potential inclusion in BRICS and strengthening ties with Russia and China could lead to increased economic activity, which could positively impact EGPT.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Indonesia's potential BRICS membership could increase interest in EIDO.
Indonesia's potential inclusion in BRICS could lead to increased economic activity, which could positively impact EIDO.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Potential inclusion of Saudi Arabia in BRICS could increase interest in KSA.
Saudi Arabia's potential inclusion in BRICS could lead to increased economic activity and influence, which could positively impact KSA.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80