Russia’s economy, set to contract this year for the first time since 2009, may rebound 0.5 percent in 2016, a Bloomberg survey shows. Russia is the best bet for investment among BRICS countries in 2015, according to Bloomberg.
“Our models are telling us to buy Russia,” Tim Love, a London-based investment manager at GAM told the news agency. “There is a very strong turnaround potential. It’s an increasingly difficult call to get right because of politics. I’d be happy to pull the trigger in the next two to three months.”
The agency notes that in nominal terms, the MICEX index (Russian stocks) in 2015 rose by 18 percent, 5 percentage points lower than the the Shanghai Composite Index.