FMG Russian Federation First Mercantile

Description.

Prudent government actions like a well orchestrated ruble devaluation and a record size stimulus package has helped attract investors back.

Russia will benefit tremendously from surging energy demand in the time to come. 

Politics seems stable between the Prime Minister Putin and President Medvedev.

Russian budged may be adjusted to spending levels that matches an oil price of $30 if need be. 

Large FX and Stabilization Fund reserves at hand should more fiscal stimulus be needed.

P/E of less than 10 for Russian stocks, the cheapest market we track and a fraction of other emerging markets and at a 85% discount vs US stocks. 

A substantial M&A cycle may follow making Russian corporations lean and mean Russian stocks’ multiple is only 1/5th of Chinese stocks. 

Further - Russian consumers are 4 times as wealthy as the Chinese. Food for thought.

Strategy.

The Russian Federation Fund has been solely managed by Yury Lopatinsky since June 2001 and prior to that FMG had been an investor with Yury since 1995 when FMG launched the original Russian fund of funds. Yury's professional team has all cycle experience with a comprehensive understanding of the Russian market and economy.

Investment Strategy - Key Points:

Large State enterprises in key industries 
Domestic consumption oriented companies 
Private equity opportunities 
Follow Russian companies into CIS

The Fund currently runs a very concentrated portfolio in mainly liquid blue chip stocks to take advantage of any capital infusion by the Russian government as well as domestic and foreign investors. Oil and gas make up nearly 80% of the portfolio with banking, metals and shipping comprising the bulk of the rest.

Information.

Invest through ^{investoffshoredirect.com} and the initial charge is reduced

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