Julius Baer introduces Russia fund to UK market

The Russian stock market has soared 72% year to date, outperforming the MSCI World Index by 65% on the back of rising oil prices, a stabilising currency and an increase in equity trading volumes. Launched in 2008, the Luxembourg-domiciled Sicav targets medium-term capital growth from Russian companies, predominantly in energy, wireless, telecom, utilities, financials and consumer staples. "While Russia has some challenges to overcome, including inflationary pressures and a fragile banking system, where ballooning non-performing loans may undermine any economic recovery, valuations rema...