Peter Oppenheimer’s global research team at Goldman Sachs have come out with what they are calling two new BRIC Nifty 50 stock baskets.
One of these so-called baskets covers companies in developed markets that have heavy BRIC exposure; the other consists of dependable emerging market firms.
We can see the idea here: develop an index of sure-fire favourites for the modern, EM-tilted world that echoes the Nifty Fifty on Wall Street in the 1960s – a solid group of so-called ‘one-decison’ companies investors would buy and hold forever.
Trouble is, the term Nifty 50 has already been swiped – by one of the BRICs, as it happens.
Travel to Mumbai and the Nifty 50 is taken to mean the largest 50 firms on the National Stock Exchange of India. In fact, an Indian subsidiary of Standard & Poor’s, CRISIL, owns the S&P CNX Nifty through a JV with the exchange.
(There’s also a Nifty Junior and a S&P CNX Defty, which measures the Nifty in dollars.)
No matter. You can click on the thumbnails below to see Oppenheimer’s Nifty selections or go to the usual place for more readable versions.
