The Fund gained approximately 15% in the quarter and that concluded Russian equities as among the very best in the world for 2019. Not bad for an economy that remains under sanctions. We have discussed the strong dividend policy of Russian companies before and now...
Kindly note that the back-end load fee classes of Russian Federation First Mercantile Fund (RFFMF), namely Class F USD, Class F EUR and Class F GBP, have been closed for new subscriptions with immediate effect. Shareholders have also been notified of a re-structure...
As for Russia, today we have a twofold picture. On the one hand there are decreasing in business activity in Russian manufacturing industry (PMI fell from 49.1 to 46.3 in September), reduction in export orders and decline in domestic demand but on the other hand a...
Strengthening of trade wars combined with protectionism growth all over the world as well as the termination of the “Russia investigation” conducted by special prosecutor Robert Mueller led to Russian sanctions issue fading from the picture in the second...
After the December sell-off, the first quarter of the year was favorable for the Russian market and did not disappoint investors. Great assistance for the market was provided by growing oil prices (+27%) as well as the influx of investors while the geopolitical news...
The US trade wars with China and partly with a number of EU countries, the growth of protectionism and restrictions, the liquidity reduction by central banks of developed countries, new phase of the US Federal Reserve monetary tightening and fear of a new crisis led...
