An easing of tensions between Vladimir Putin, Europe and the U.S. is prompting investors to take a fresh look at Russian assets.
Swedbank Robur in Stockholm bought shares in state-owned Russian companies and NN Investment Partners in The Hague said it was reconsidering its underweight stance on stocks after the Group of 20 summit brought Russia closer to an alliance with the U.S. in the fight against terrorism. Russian stocks rallied the most worldwide on Tuesday after Zambia and bonds gained on speculation the rapprochement would lead to an easing of sanctions over the Ukraine conflict.
“Russia is no longer seen as …read more
Source: The Malaysian Reserve
