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“The fact that 60% of the fund is invested in Russia is an indicator of how bullish we feel about the country and its relative isolation from global headwinds” |
He claims that emerging Europe has sufficient internal momentum to generate good economic performance even if the US economy slows down. “The investment potential to be found in the emerging markets of eastern Europe has been attracting interest for several years. However, we still believe that the long-term prospects for these markets remain positive.
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