east capital rolls out russia fund

Emerging markets specialist East Capital is rolling out Russia Domestic Growth Fund, a concentrated portfolio of up to 20 stocks which generate at least half of their revenue in Russia.

east capital rolls out russia fund


The alternative fund, which will have its first closing at the end of this month, will operate across all sectors seeking out undervalued stocks with a market capitalization of above $500m.

Aivaras Abromavicius, partner and senior adviser, said the investment focus would be on domestic consumption as wages have risen rapidly against a backdrop of low unemployment, inflation and interest rates.

He said: “Companies exposed to the domestic economy have consistently been delivering higher growth in revenue than export-led companies. We expect that trend to continue.

“It has been reflected by the share prices, as companies focusing on the domestic market have outperformed export oriented stocks that are dependent on global demand”.



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