JPMF to relaunch Russia fund

JP Morgan Fleming is to relaunch its Fleming Russia Securities Fund as an investment trust to invest solely in Russian securities ' the only one listed in the UK. Trust co-manager Mark Robinson said Russia's size and increasing maturity made it worthy of a specifically focused trust. 'Russia is a very large country and is therefore likely to have more significant opportunities for equity investors over the next 10 or 20 years than the markets of central Europe, which are also transforming, but are likely to be subsumed within Europe while Russia will remain distinct,' he said. Robins...