Russia: Tread Cautiously Into 2021 (Wellington Management)

Wellington Management’s Jamie Rice CFA was strongly bullish on Russian equities for most of 2020, but has become decidedly more cautious on the market of late. Why? Potential controversy around the upcoming US election is one reason, but there’s more to the story.

First, the good news

Rice recently spoke with 16 Russian companies across the financial services, internet, telecom, retail, steel, and oil & gas industries. The good news is that Russia’s economic activity is rebounding, while both corporate and consumer sentiment are inching higher. READ MORE

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