Jupiter is suggesting to intermediaries now could be the time to start buying Russian equities. ...
Jupiter is suggesting to intermediaries now could be the time to start buying Russian equities. Russia's economic and political fundamentals are starting to look reliably stable, according to Elena Shaftan, manager of the Jupiter Emerging European Opportunities Fund. Speaking at the Investment Week Markets Forum 2003, she said a decline in the risk premium had helped drive the Russian stock market up by around 100 points since mid-2002. With a P/E ratio of 7.3 times, Russian equity is still some of the cheapest in the world, according to the group. Shaftan added: 'We feel the o...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes