SG Alpha argues that Russia is “overlooked and misunderstood”
SG Alpha, a fundamentally driven equity investment boutique with a focus on emerging Europe, has written a paper detailing the misconceptions investors have of investing in Russia, and rebutting an article from the Financial Times.
The paper responds to an article published at the end of May by the FT, which advocated Russia being dropped from the list of group of BRIC emerging economies, which also includes Brazil, China and India.
The FT article argued that Russians are corrupt, rude, autocratic, decreasing in number as well as in political relevance, drunkards, and difficult to do business with.
SG Alpha presents the counterarguments for each of these allegations, and supports them with data from the World Bank.
It concludes that the situation in Russia is much better than often perceived by Western media.
The perception of the country by outside investors is highly susceptible to news and media articles, SG Alpha warns, yet the country holds a great deal of potential for investors who are willing to take their time to understand it in full.
To read SG Alpha’s report, click here.