Russian equity valuations attract HSBC

While the BRIC economies of Brazil, Russia, India, China continue to outshine most other grouped economies, it’s Russian equities that are the most favoured of this foursome for HSBC Asset Management. Re-iterating its positive stance on Russia in the run up to the Presidential elections in early March, HSBC finds that following what it calls a “substantial correction in the second half of 2011 followed by some recovery”, Russian equities are attractively priced compared to other emerging markets, as well as to their own historic average.  “Consequently, Russian equities represent the ...