JP Morgan: new Europe set for sustainable growth

clock

New Europe is set for a sustainable period of solid growth driven by commodities, consumption and construction, according to JPMorgan.

The group's New Europe fund, managed by Oleg Biryulyov, is up 373.9pc over five years against the MSCI Emerging Market Europe index, which is up 309pc over the same period. Russia is the world's largest producer of oil and gas accounting for about 21pc of global gas production. It's also the world's biggest producer of nickel and the eighth biggest producer of gold. Demand for commodities is creating huge new wealth in the region and Russia, in particular, is now one of the world's top 10 economies by GDP. Russia was also the third largest contributor to global GDP in 2007, behind 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 Emerging Markets

Partner Insight: Vanguard's perspective on China's economic challenges

Partner Insight: Vanguard's perspective on China's economic challenges

Vanguard’s chief economist in Asia-Pacific, Qian Wang, and senior investment strategist, Grant Feng, explore the outlook for China’s economy and what it might mean for global investors.

Qian Wang, Chief Economist in Asia-Pacific, Vanguard and Grant Feng, Senior Investment Strategist, Vanguard
clock 25 September 2023 • 8 min read
Partner insight: China could see amazing improvements in productivity

Partner insight: China could see amazing improvements in productivity

Factory and agricultural automation will be needed to counteract China’s falling birth rate, says Capital Group’s Martyn Hole

Capital Group
clock 15 February 2022 • 1 min read
Industry Voice: Emerging markets' overlooked resilience

Industry Voice: Emerging markets' overlooked resilience

Horizon by Embark and Columbia Threadneedle
clock 17 November 2021 • 5 min read