How did you come to your conclusions? MSCI BRIC is 11 pc down in September quarter with Brazil leading the trend 20 pc down, followed by China 18 pc down. Russia and India are up supported by energy boom. October might be different since Putin eased the gas prices last week stating that Russia will increase gas supply. The same may happen with oil supply, the current price is well above the oil price built into the Russian federal budget (US 43 per barrel).
Barrenjoey is doing pretty well, I have seen it’s name on all major deals ( Transubarn, Brookfield, Judo bank, Sydney airport, etc).
MFG Price at posting:
$33.04 Sentiment: Buy Disclosure: Held
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