The Russian government has approved an increase in the mineral extraction tax (MET) and changes to excess profit tax (EPT) for oil, proposed by the Ministry of Finance (MoF). The…Continue Reading →
In his book “Thinking, Fast and Slow”, Nobel Prize winner Daniel Kahneman tells a story about a curriculum project. The…
In his book “Thinking, Fast and Slow”, Nobel Prize winner Daniel Kahneman tells a story about a flight instructor.[1] The…
BNP Paribas Russia Equity fund and VanEck Vectors Russia ETF are the largest funds in their categories. Their assets under management each total slightly more than USD 1 billion. Each…Continue Reading →
A benchmark provides a measurable backbone for a fund. MVIS Russia is the benchmark for the largest Russian equity exchange-traded…
The Navalny affair and the turmoil in neighbouring Belarus have already caused Russian equities to underperform the wider emerging markets…
We admire people who make decisions about asset allocation across equity markets of different countries. It is much more difficult than stock-picking within one particular country. When considering stocks from…Continue Reading →
On 1 September, Yandex was included into MSCI Russia 10/40 index with the weight of close to 10%. Yandex is…
Can you forecast oil prices at the end of April, May or June? We cannot. The answer depends on factors…
Russia is much better prepared for a drop in oil prices now than it was in 2014, 2008 or 1998. There is no currency targeting, net debt is close to…Continue Reading →
