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High Costs of BRIC Funds

I'm looking for a BRIC fund, which invests in Brazil, Russia, India and China. Can you help?

I'm looking for a BRIC fund, which invests in Brazil, Russia, India and China. Can you help?

It's tough to build a BRIC portfolio because your choices are expensive and limited. BRIC stands for Brazil, Russia, India and China -- four countries that Goldman Sachs economist Donimic Wilson, who coined the acronym, says could rank among the world's dominant economies by mid century.

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Franklin Templeton will launch Templeton BRIC fund as soon as it gets regulatory approval. The fund, however, comes with a 5.75% sales charge plus annual expenses of 2.15%. Some brokers also offer Emerging Opportunities Select 1 (symbol FTEOPX), a unit investment trust run by First Trust Portfolios. The trust holds 20 stocks (which it doesn't trade), levies a 3.95% sales charge and will terminate in two years. And Schroder funds is considering starting a BRIC fund.

But any fund limited to stocks from those four countries would be plenty risky. As an alternative, consider a diversified developing-countries fund, such as no-load SSgA Emerging Markets (SSEMX). The fund invests in all emerging markets, including the BRIC countries, and charges just 1.25% annually.

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