JPM: Russia emerges as safe haven during the recent economic turmoil

Russia proved itself a safe haven during recent turmoil in global financial markets, according to JP...

Russia proved itself a safe haven during recent turmoil in global financial markets, according to JPMorgan's specialist investors in the region. Oleg Biryulyov and Vitaly Kazakov, who manage the group's Russian Securities investment trust, said the market has emerged as refuge. "It is pleasing to report in the face of significant volatility in Russian markets over the six months to end April that the company's net asset value and share price outperformed," said Biryulyov. "Despite this volatility, Russia proved to be a relatively safe haven when the majority of other global financial ...