| Forget the BRICs and the MINTs; it appears that there is a new acronym in town. In October, market research firm, Absolute Strategy Research (ASR), launched CARBNS, a new commodities-dominated grouping, consisting of Canada, Colombia, Australia, Russia, Brazil, Norway, and South Africa.
This mix of developed and developing economies is ASR’s attempt to address the shortcomings of the traditional emerging market groupings that have dominated investment portfolios and benchmark indices for the past fifteen years. These groupings – which are often erroneously assumed to have a strong positive correlation with commodities – have attracted criticism because they have implied some kind of equivalence between very disparate countries.........................................Full Article: Source
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