The emerging property markets in Brazil, Russia, India and China have all attracted enormous attention in recent years because of extraordinary levels of capital appreciation.

However investing in these markets has so far been very tricky for most UK investors. That may however be set to change with the news that at least three fund management groups are set to launch Bric funds which could be opened up to UK investors.

Allianz Global Investors, US group Franklin Templeton and HSBC are all assessing investor appetite for such a product.