A new investment tool - structured investment product – is now available to Rosbank customers. The product was jointly developed by Societe Generale Group analytics and the TKB Investment Partners asset manager.
Last week, the Russian equity market outperformed other emerging markets (EM). The RTS and MSCI EM indices rose by 1.6% and 0.7%, respectively. Russia was the third best performing market…Continue Reading →
The consensus view is that Russia is not a growth story. We fully agree. Over the next three years, we expect annual sustainable free cash flow growth to be close to zero. When companies do not see many growth opportunities, they normally return cash to their shareholders or pay off debt.
On the 27 January the US Treasury Department excluded Rusal, En+ and EuroSibEnergo (ESE) from the special designated nationals (SDN) list. The regulator took this decision on 19 December last year. Within 30 days the US Congress had the chance to block this action, but failed to so.