Sberbank Asset Management, formerly Troika Dialog Asset Management, has mandated Frankfurt-based Accelerando Associates to market Russian equity and Russian fixed income funds to institutional investors in Germany and other European jurisdictions.
Ukraine’s equity market has returned to its original sluggish state after a brief rebound on the news of election results last month.
East Capital has selected three outstanding companies in Eastern Europe for its annual East Capital Awards.
BNP Paribas may be looking to expand further into the Russian market by partnering up with local financial company Aton Capital, according to local press reports.
Ukraine’s equity market has responded positively to the results of the parliamentary election on Sunday, October 28.
Britain must build stronger trade connections with Russia, says business secretary Vince Cable.
Buying cheap Russian equities is not necessarily a smart stock picking move, says Yulia Bushueva, managing director at Arbat Capital.
Wage growth in Russia, prompted by the country’s recent accession to the World Trade Organisation, is boosting consumer demand, making the consumer sector an attractive investment opportunity.
“First move” foreign investors, such as hedge funds, have started buying into the Russian local bond market, following the approval of Euroclear by Russia’s Federal Service for Financial Markets (FSFR) to offer services for a range of Russian debt securities.
Last week the Russian stock market attracted more money from investors than its other BRIC peers. Combined with the leading performance of Russia’s indices, this has put Russia in a favourable position for the first time in weeks.
Russian private wealth clients are increasingly looking for various solutions from their private banks that stretch beyond the traditional financial services. These are grouped under the umbrella “lifestyle solutions”.
Sberbank of Russia has hired Vlada Gosal from Bank of America Merrill Lynch (BAML) as managing director for debt capital markets in its investment banking team.