Jim O’Neill of Goldman Sachs is well known as the man who coined the acronym BRIC. He has now created another acronym gaining traction thanks to a fund he launched last year: MIST, which stands for Mexico, Indonesia, South Korea and Turkey.
The MIST countries are the four biggest markets invested in the Goldman Sachs N-11 Equity Fund ( GSYAX , quote ). Launched in February 2011, the fund was introduced to target the countries that O’Neill considers the next big 11 emerging markets .
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