Russia's fortunes on the up and up

He says year to date, the Russian market has underperformed other emerging markets such as China, because there has been little government spending and Russia has been perceived by international investors to be solely an energy story. This has led to a lack of net inflows into the market over the part three months. However, this outlook is now set to change and recent economic statistics have been supportive. GDP for the first half of the year came in at 7.1% (a full l % ahead of expectations) and Neptune expects GDP to be running at 7.5% for the second half of the year. Furthermore, i...