Brazil

While it is clear that BRIC was never going to be a homogeneous group in terms of stock returns, I think never before has each nation had such a varied set of opportunities and challenges.

Brazil has seen a lot of criticism recently over its ineffective policies that have led to a worrying slowdown in the economy, and it is unclear if re-elected Rouseff can address the endemic problems Brazil faces. Negative, but cheap, therefore, neutral.

Chelsea Selection or Elite Rated*: Aberdeen Latin American

*by fundcalibre.com