In terms of GDP and fund holdings, the MIST nations are the biggest markets in Goldman Sachs's N-11 Equity Fund. Launched in February 2011, the fund has $113m in assets (as of June 30) spread out across 73 stocks. So far this year, N-11 has outperformed Goldman Sachs's $410m Brazil, Russia, India and China fund, climbing 12 percent, compared with a 3.2-percent gain for the BRIC countries. "We see steady inflows into the Next11 fund each week," says O'Neill, who isn't involved in managing either fund.
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