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For years, money has chased BRIC investments, tempted by the countries"횂혻fast growth, huge populations횂혻and explosive consumer hunger for goods and services. But횂혻Edwards cites research showing횂혻little correlation횂혻between growth and investment returns.횂혻He points out that횂혻Chinese nominal횂혻GDP growth횂혻may have횂혻averaged 15.6 percent 횂혻since 1993 but the compounded횂혻 return횂혻on equity investments횂혻was횂혻minus 3.3 percent.
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