INVESTORS can now access the Russian market via the Baring Russia fund after the company registered the offering in the UK.
The £18m Luxembourg-domiciled fund, headed by Ghadir Abu Leil-Cooper, has received FSA approval for sale in the UK. Baring said it played on a number of themes at work in Russia at present, such as commodity demand. “Russia’s status as a major producer of commodities has made it into an integral part of the global economy, and strong demand has helped the country’s economic growth reach an average of around 6pc after inflation,” Leil-Cooper said. She explained oil wealth had transformed Moscow over the last few years to the point where it now boasts the highest concentration of bil...
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