The term “BRICS” was coined in 2001 and, since then, BRICs nations’ share of Global GDP (PPP) has surpassed that of G7 nations. Today, certain developing economies (Vietnam, Indonesia, India and Brazil) are set to continue the trend of economic catch-up. These economies are still on low levels of income per capita, and growth is driven by sound economic policies, strong balance sheets and a reconfiguration of the global supply chain. A declining US dollar and interest rates has also been a boon to EM equities. Equity valuations are at attractive levels f...