As a tearful Vladimir Putin took the Russian presidency over the weekend amid allegations of vote-rigging, investors are concerned the win could trigger protests and market uncertainty.
Putin is assured of six more years in power after taking 65% of the votes, as the opposition party vowed to continue protesting against him. Equities have rallied so far this year with the MSCI Russia index reporting a 25.51% rise in dollar terms. However, this has simply reversed the fall of 24.15% in 2011, when the region saw more dramatic volatility than other parts of the world due to fears of government corruption and resulting protests. Marina Akopian, partner and fund manager at HEXAM Capital, and Thomas Orthen, the manager responsible for the Russian segment of the £671m Al...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes