{"id":1741,"date":"2015-11-09T11:11:52","date_gmt":"2015-11-09T11:11:52","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2015\/11\/investors_may_have_lost_up_to"},"modified":"2022-03-10T16:37:21","modified_gmt":"2022-03-10T22:37:21","slug":"investors-may-have-lost-up-to","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/investors-may-have-lost-up-to\/","title":{"rendered":"Investors May Have Lost Up to 88% in Goldman Sachs BRIC Fund"},"content":{"rendered":"

\t\t\t\tGoldman Sachs Group Inc. (GS) is folding its BRIC fund and merging it with a broader emerging market fund. The BRIC fund, which invests in Russia, China, Brazil, and India, has been losing money. In its filing to the SEC, the bank said that it doesn’t see the nine-year-old product experiencing “significant asset growth.” Unfortunately for some investors of the BRIC fund, depending on when you invested, you may have lost up to 88%. <\/p>\n

The acronym for the fund comes from the names of the countries in which it invested. Goldman’s BRIC fund allowed investors to bet on growth in Brazil, Russia, India, and China. It was Goldman Sachs Chief Economist Jim O’Neill who invented the name, selecting the nations for their potential for growth and their importance to the economy some 14 years ago.<\/p>\n

Following an investment boom, these large emerging markets are now starting to falter, as have investors’ previous gains. China is expected to experience its weakest expansion in 25 years and Brazil and Russia are going into recessions. While India has experienced growth, the nation’s prime minister is finding it challenging to put reforms into place.
\n Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Goldman Sachs Group Inc. (GS) is folding its BRIC fund and merging it with a broader emerging market fund. The BRIC fund, which invests in Russia, China, Brazil, and India, has been losing money. In its filing to the SEC, the bank said that it doesn’t see the nine-year-old product experiencing “significant asset growth.” Unfortunately […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3752,3754],"tags":[3559],"class_list":["post-1741","post","type-post","status-publish","format-standard","hentry","category-financial-firms","category-goldman-sachs-1","tag-bric-fund"],"yoast_head":"\nInvestors May Have Lost Up to 88% in Goldman Sachs BRIC Fund — Investor Lawyers Blog — November 9, 2015<\/title>\n<meta name=\"description\" content=\"Goldman Sachs Group Inc. 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