The BRICS: Which country should investors back for big returns?

In 2001 the acronym ‘BRIC’ was coined to refer to Brazil, Russia, India and China, which were all deemed to be at a similar stage of rapid economic development. South Africa joined what then became the BRICS in 2010. From 1990 to 2014, the BRICS’ share of world GDP grew from 11 to almost 30 per cent.