Peter Elam Håkanssom, the chairman of East Capital, has appeared on CNBC to say that Russian stocks are trading at a discount despite there being quality companies in the country. In fact, the Russian stock market is down around 50% over the past three years, but Håkanssom believes Russian stocks have too big of a discount as there are some well managed and quality companies there plus a highly educated population. Håkanssom also believes in looking beyond the energy sector at, for example, Russia’s consumer sector and consumer stocks:
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The video, Russian equities at ‘too big a discount’: Pro, can also be viewed on the website of CNBC.
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