Russia has been named the best place for investments in 2015 among the BRICS countries (Brazil, Russia, India, China, and South Africa). Moreover, the country has surpassed China, which previously held the lead position. This is the conclusion reached by one of the world’s leading business and financial information agencies – Bloomberg.
“Our models tell us that there is a need to invest in Russian securities,” Bloomberg cites the words of Tim Love, investment manager of the London-based GAM UK Ltd. “The majority of Russian stocks are significantly undervalued,” the rating agency was told by Mattias Westman, the founder of Prosperity Capital Management. “There is potential for further recovery,” he added.
The agency notes that in nominal terms, the MICEX index rose by 18 percent in 2015, which is only 4 percentage points less than the increase registered by the Shanghai Composite Index. However, the reduced volatility of the Russian market, along with the greater price fluctuations in China, has led to profits from investments in Russia and China to attain a coefficient of 1 and 0.6 points, respectively.
First published in Russian by Rossiyskaya Gazeta.
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