Russian market buoyed by overseas investment

Professional Adviser
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The Russian market has performed exceptionally well as companies become more open to foreign investm...

The Russian market has performed exceptionally well as companies become more open to foreign investment and oil prices stay high. However, it is uncertain whether the market still has significant upside from here. Over the 12 months to 30 June, the MSCI Russian index has gained 29.82% in sterling terms, substantially outperforming the MSCI World Index, which has delivered a negative return of 7.95% over the same period. Since global stock markets started to recover from 10 March, the Russian market has climbed 30.73% to 30 June, while the MSCI World market has advanced by just 18.09%....

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