Russian volatility forces Shaftan to cut her weighting

Jupiter's Elena Shaftan has reduced her Russia exposure by cutting oil and steel weightings in light...

Jupiter's Elena Shaftan has reduced her Russia exposure by cutting oil and steel weightings in light of recent bourse volatility. But the manager of the £835m Jupiter Emerging European Opportunities fund said recent oil price falls and company turbulence will not derail the region's strong fundamentals. "Russia is far more than just an oil play," she said. "While the decline in oil prices is significant issue for investor sentiment, the real impact on its economic fundamentals is likely to be less marked." The manager has historically varied Russia exposure on the fund from 20% to 7...