View more on these topics

Buy Russian Oil and Cars Says Baring

Russias domestic economy is providing good growth opportunities especially in resources and automobile manufacturing, says Baring Asset Management.

Despite the conviction of ex-Yukos chief Mikhail Khodorkovsky, BAM believes that President Putins stated intention to reduce the statute of limitations on past privatisation deals from ten years to three years will substantially reduce the risk of new tax claims on Russian companies. This could reduce the equity risk premium for Russian companies.

BAM Russia fund manager Marina Akopian says: “We still see significant opportunities in Russian companies that have a global competitive advantage such as in the oil and gas and metals sector. Russian companies are increasing production and reserves at lower costs compared to global majors and are trading at excessive discounts to global majors, which we feel is unjustified.”

Recommended

It’s my party and I’ll rhyme if I want to

Friends of Lifesearch’s Kevin Carr have been asked to get stanzas ready for his long-awaited 30th birthday next weekend. The protection expert has upped the ante for his birthday celebrations in a way only he is brave enough to endure. Dissatisfied with the usual drunken debauchery and silliness, Carr has opened himself up to abuse […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com