Russian market 'misunderstood' - Geffen

clock •

A swing away from a resource-led and towards a consumer market is boosting returns for investors in Russia, according to Robin Geffen.

The manager of the Neptune Russia & Greater Russia fund says his product is continuing to benefit from a “widespread misunderstanding” of the Russian market. He says robust consumer growth has been fuelled by three consecutive years of 20% pay rises at a time when property renting costs haven’t moved, mainly because the State is the largest landlord. “The Neptune Russia & Greater Russia fund continues to benefit from widespread misunderstanding of the Russian market,” he says. “Historical perceptions of the Russian stockmarket being resource-led are no longer accurate. “Indeed, the...

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

Join

 

Already a Professional Adviser member?

Login

More on Investment

Baillie Gifford workforce faces 10% reduction following voluntary exit programme

Baillie Gifford workforce faces 10% reduction following voluntary exit programme

Around 160 roles vacated

clock 23 September 2026 • 1 min read
Nine SJP funds flagged for underperformance in AoV despite improvements on last year

Nine SJP funds flagged for underperformance in AoV despite improvements on last year

89% of assets given green light

Alex Sebastian
clock 22 September 2026 • 2 min read
The human advantage in an AI-powered asset management industry

The human advantage in an AI-powered asset management industry

'AI should be used to enhance, not replace, human engagement'

Apiramy Jeyarajah
clock 22 September 2026 • 5 min read