Jim Rogers Wants You to Invest Where?
Jim Rogers might be worried about the rest of the world in 2013, but he sounds pretty confident in the emerging market of Russia. According to the renowned investor, Mr. Rogers believes Russia's cheap stock market and low inflation rate – the lowest it has been in two decades – will ultimately leave investors in a good position.
President Vladimir Putin is doing everything in his power to attract investment and, apparently, he's hooked Jim Rogers despite the fact that investors are still shying away from the nation's market... for now, at least.
Rogers told CNBC:
“I want to find the opportunities which I haven’t thought of, which CNBC hasn’t reported yet.”
Additionally, Todd Berman, Head of Investment Banking at Troika Dialog – one of the largest investment center in the Russian Federation – asserts that Russia's official entry into the World Trade Organisation in August was an important stop in a positive direction. He thinks it will “continue to drive the structural reforms that the Russian government has committed itself to.”
Meanwhile, Russia's in for an even bigger treat once the euro crisis subsides; although the crisis is scarcely felt in Moscow, it has still played a role in deterring investors from Russia. They read about the European credit crisis in Moscow, but they are fortunate enough not to experience it there.
Experts believe the recently accelerating inflation has alarmed investors and caused certain market concerns. Political noise and the overblown perception of risk has left investors unnecessarily hesitant for the time being.
Regardless, Berman is on board with Rogers. The cheap market combined with the “robust macro story” – over four percent GDP growth – will send Russian stocks up to new heights after the euro zone is able to maintain a bit more stability.
This is just one more source indicating some promising moves in the emerging markets as we exit 2012 and enter an otherwise uncertain global economy in 2013.
Perhaps you too should anticipate a positive spring-back in Russian markets after the European crisis cools down...+18
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