Expert RA, a ranking agency, confirmed the A++ trust and service quality ranking of TKB Investment Partners (Joint Stock Company) with the stable outlook.
The 2018 ranking by The Kommersant newspaper names TKB Investment Partners JSC among top 10 Russian asset managers in three categories
Alfred Berg Ryssland, a Swedish fund under TKB Investment Partners’ advisor, is strengthening its ESG integration strategy.
Last week, the Russian equity market contracted, as did other emerging markets (EM). The RTS lost 1.3%, while the MSCI EM index fell by 1.5% (all figures in USD terms).…Continue Reading →
The Russian equity market rose last week, but underperformed other emerging markets (EM). The RTS index gained 0.9%, while the…
Last week, the Russian equity market outperformed other emerging markets (EM). The RTS gained 2.4%, while the MSCI EM index…
The Russian equity market rose strongly over the last week, outperforming other emerging markets (EM) for third week in a row.Continue Reading →
Last week, the Russian equity market outperformed other emerging markets (EM).
Last week, the Russian equity market outperformed other emerging markets (EM).
Last week, the Russian equity market underperformed other emerging markets (EM). The RTS lost 2.3% while the MSCI EM index contracted by 0.5% (all figures in USD terms).Continue Reading →
Last week, the Russian equity market performed in the line with other emerging markets (EM). Both the RTS index and…
Last week, the Russian equity market outperformed other emerging markets (EM)
For the fourth week in a row, the Russian equity market outperformed other emerging markets (EM).Continue Reading →
On 1 August 2019, the US imposed new sanctions against Russia. It was the 54th time that new sanctions from the US and the EU have been brought to bear since March 2014. Over 1-2 August, Russian equities contracted by 5.7% vs. a 3.2% drop in the MSCI EM index (all figures in US dollar terms). Is the latest round of sanctions a game-changer for Russia?
The MSCI Russia 10/40 Net Return index has risen by 27% over the first half of the year in US dollar terms.
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.
