Companies will in the next five years move away from investments in the US, while at the same time increasing their investments in Brazil, Russia, China and India, marking a fundamental shift in global economic power, according to research published by accounting firm KPMG International.

KPMG's Global Corporate Capital Flows survey asked corporate investment strategists at 300 of the largest multi-natinational companies in 15 countries where they plan to invest in the next 12 months and in five years time.