A new reason why Russia should not stay unloved
Russia is an enigma for investors. It doesn't fit neatly in an Asian or European bucket, but it has a lot of natural resources, not much debt and many developed-world characteristics.
It has been a funny old year for Russia. The world’s best performing stock market in the first three months, it then experienced the biggest level of fund outflows it has witnessed for five years during late May. That flow was caused by the reduction in the oil price, a sector which still accounts for just over half of the Russian index.
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