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BKF invests in the so-called "BRIC" equity markets, but excluding Russia. The fund is mostly exposed to China, however, India and Brazil together represent about 38% of the fund.
iShares MSCI BRIC ETF tracks a market cap-weighted index of Brazil, India, and China's economies. This used to be the BRIC fund, but Russia got the boot.
Volatility may be the only guarantee in upcoming presidential vote.
Plus, iShares further expanded its family of iBonds ETFs.
BlackRock's iShares has ditched the "R" from its "BRIC" ETF as trading in Russian securities is now virtually impossible.
Past experience shows us that emerging markets have historically reacted positively to higher global rates, especially if the latter reflects an improving global growth outlook. Most emerging markets will start normalizing rates well before the U.S. and developed markets.
Brazil Composite PMI for 3Q 2020 currently sits at 50.6, barely above the zero-growth line of 50.0 in statistical terms.
Overall, BRIC Services Activity Index - a measure I compute using a range of data inputs, including Markit's PMIs - came in 49.9 in 3Q 2020 (to-date), an improvement on 2Q 2020's reading of 40.4 and above 1Q's reading of 44.9.