An experienced investor Mark Mobius believes that invest in Russia “has a variety of opportunities”, despite continuing tensions over Ukraine.
And the Russian ruble and the MICEX stock index fell sharply at the peak of the Ukrainian crisis in March, but slightly strengthened their position over the past few weeks.
Mobius, Managing Director of Templeton Emerging Markets Group, said that despite this, investors profitable invest in Russia equities.
“The Russian ruble against the U.S. dollar falls, so dollar investment opens good opportunities,” – he says. “The Russian market is not very good case. Despite the large “jerk”, I still see a lot of opportunities for investors. “
A year ago, the dollar was up 4.28% against the ruble, and the index Micex trading 1.36% lower.
Some companies have become more optimistic look at invest in Russia equities, particularly JPMorgan raised its recommendation from “underperform” to “outperform” last week.