Russia

COMMENT

Asian stocks joined a global rally overnight at the prospect of a full-scale conflict between Ukraine and Russia appeared to recede

Russian equities have been on a roller-coaster ride this week amid the country's stand-off with Ukraine. But which funds are most exposed?

Russian shares dropped to a five-year low yesterday, weighing on global markets, while the gold price jumped as the Ukraine crisis intensified.

Russia's benchmark Micex index has fallen over 10% in response to geopolitical tensions in Ukraine, with the country's central bank hiking rates in a bid to prop up the rouble.

UBS Wealth Management's research team is finding better value opportunities in Europe than in emerging markets, pointing to the latter's political instability and lack of earnings momentum.

RUSSIA

A turning point in the performance of Eastern European equities may finally be on the cards this year, according to Sam Vecht, co-manager of the BlackRock Emerging Europe trust.

Alken's Absolute Return Europe fund has seen inflows of nearly £700m since the start of the year as investors piled into absolute return products.

RUSSIA