BRICS+ and Global Leadership in Investment Management

This technical report discusses the implications of the BRICS+ coalition on investment management in the context of shifting global dynamics. It outlines how the coalition, formed as a counterweight to the G7, seeks to reform the international system and enhance cooperation among its members. The report highlights the challenges to traditional investment assumptions based on free trade, globalization, and stability under a Western-led order. It emphasizes the need to rethink investment strategies as barriers to trade rise and markets become increasingly segmented. The report details how investment opportunities are evolving, driven by technology, energy supply, and resource availability, and suggests that the economic hierarchy of nations is being reshuffled. Additionally, it notes the establishment of institutional frameworks like the New Development Bank, which supports BRICS+ members in bypassing traditional financial systems. The report concludes by advocating for a thematic approach to investing that adapts to these new realities.