Although unlikely to rival the economic might of India and China or the resources of Russia and Brazil, this motley crew of emerging markets make the CIVETS the next band of countries to profit from a shift in global power.
The band members were icons of a 1960s generational shift that called for new social structures, questioned institutions and carried a "certain optimism, " he said.
Rather than Band-Aid approaches to reform, investors and advisors would truly benefit from a shift in the discussion from how to live with the old ratings approach to how and why we need to create modern alternatives.