Russian Federation First Mercantile Fund lost 7.5% in the 2nd Quarter

At the beginning of the second quarter of the year, the Russian’s stock and money markets demonstrated an extremely negative reaction to the new sanctions imposed by the US Ministry of Finance against natural persons and companies. It took only a few days in order to...

Russian Federation Fund gained 11.1% in the 1st Quarter

The first quarter of the year was generally favourable to Russian market supported by high and stable oil prices which ranged from US $ 60 to US $ 65 per barrel. However, the market growth continued only for two months and after that, in March, the market experienced...
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