Funds investing in Brazil, Russia, India and China (BRIC) have seen net outflows since March 2010. Assets invested in funds have retreated to $28 billion from a high of $38 billion in 2007. Other fund investing in gold and Non-Japan Asia have added about $4 billion in assets each. BRIC funds have become standard investments. Investors are always looking for a new thesis. There are 350 funds, 2,000 offshore funds, local funds, and thousands of diversified funds that are allowed to invest in the area. Performance has lagged as well. India and China have experienced inflation. Russia has underperformed due to the US debt crisis. Brazil has tax issues and foreign investor outflows leading to capital controls.
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