This year the Russian stock market will become one of the most attractive for foreign investments, analysts from the Swiss bank UBS predict. According to Bloomberg, emerging market stocks will react more visibly to the global economic recovery, and they are also cheaper. Along with Russia, it is also advised to take a closer look at the countries of Latin America.
UBS noted that Russia currently boasts “the highest dividend yield in the world,” and the ruble will strengthen in the coming months following the rise in oil prices to $ 63 per barrel. Analysts believe in the recovery of the global economy: in their opinion, this is facilitated by the vaccination that has begun, the dollar has fallen in price and the decrease in uncertainty in US foreign policy.
According to the Russian Central Bank, investments in domestic non-financial companies fell by almost 20 times over the past year. If in 2019 they amounted to $ 28.9 billion, then in 2020 – only 1.4 billion.
In August last year, the legendary US investor Jim Rogers called for investing in Russia against the backdrop of the global crisis. In his opinion, it is most profitable to invest in precisely those countries and industries that have suffered the most from the quarantine measures.