Investors can gain exposure to BRIC economies by investing in exchange-traded funds that track the MSCI BRIC index.
In September 2006, Claymore Securities introduced the Bank of New York BRIC ETF (NYSE Arca: EEB). In June 2007, the SPDR S&P BRIC 40 ETF (NYSE Arca: BIK) began trading and was seen as the first competitor to EEB. In November 2007, the third BRIC ETF hit the market when iShares launched the MSCI BRIC Index ETF (NYSE Arca: BKF).
According to Money Management magazine, investing in BRIC countries can be highly profitable but risky. Principal Global Investors chief executive Grant Forster claims that investing in emerging markets can lead to sector biases, e.g. the Russian market has a 64 per cent exposure to the energy sector.