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Kunal Ghosh, manager, Allianz BRIC Stars fund

MINT is not the new BRIC


It is difficult to get excited about the “MINT” (Mexico, Indonesia, Nigeria, Turkey) concept, says Kunal Ghosh (pictured), manager of the Allianz BRIC Stars fund…

As with BRICs, the MINT concept is based on demographics and how the mindset and behaviour of people in these countries will evolve. But the number of consumers in the MINT countries is a fraction of what is offered by the BRICs. Therefore you may get a short-term high beta performance because of the relatively small economies of countries like Nigeria but it is not something which will be more sustainable like India or China, for example.

Turkey and Nigeria are also both entering socio-political turmoil which is likely to impact their economic growth. We will look to continue to capitalise on the bottom up stock stories from these countries in order to generate better returns for the BRIC clients.


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