Money is moving into the MIST nations …

MIST nations - Mexico, Indonesia, South Africa & Turkey, 2009 to 2012

Remember all the hype about the BRIC nations – Brazil, Russia, India & China? So last century guys. Going forward the money seems to be moving to the MIST – Mexico, Indonesia, South Africa and Turkey – nations.

The chart above shows three year performance of Mexico ($MXY, up 68%), Indonesia ($IDDOW, up 187%), South Africa ($ZADOW, up 59%) and Turkey ($XU100, up 120%). That BRIC trade might be getting a little crowded and, as I’d previously pointed out, the strategy hasn’t performed too well over the last year.

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