Russia in the spotlight Edition June 2018

Demystifying Russia

Often we face investors’ preconceptions that Russian equities cannot grow unless oil prices rise, that Russia is unpopular with international investors, that sanctions have a material negative effect on Russia, etc. We think that these beliefs limit the ability of investors to benefit from exposure to Russian equities. In our view, such preconceptions paint a simplistic picture that does not stand up to scrutiny. We would argue that the real picture is far more diverse and sophisticated.