Russia's £32bn market injection praised

Marina Akopian, EMEA Absolute Return fund manager and partner at Hexam, believes Russia should have made this move a few years ago instead of using the $170bn Russian Stabilisation fund to buy US securities such as Fannie Mae and Freddie Mac. She says: “The Russian government thought they were buying risk-free assets at the time and then the sub-prime situation happened.” The Kremlin has only just grasped what emerging market investors have realised for ten years that there markets now offer a better risk-return profile, she says. Akopian says the proposal to inject cash into Russia’s ...