Mark Temkin comments on attracting foreign investment to Russia on RBC-TV
On 18 October, URALSIB Capital CEO Mark Temkin spoke on RBC-TV regarding foreign investment in Russia. On the same day, ways to attract foreign investment in Russia were discussed at a regular meeting of the Foreign Investment Advisory Council (FIAC) chaired by Prime Minister Vladimir Putin.
Temkin sees huge potential in attracting foreign investment to the Russian stock market in 2010-11. He pointed out that “investment funds operating in Russia and emerging markets have $2.5 bln under management and these funds have not been fully invested yet. On top of that, global funds have about $40 bln and 6% of this amount is allocated to Russia, which makes up another $2.5 bln or close to it” to be invested in the Russian stock market. Temkin also said that he expects to see the Russian Stock Exchange move higher in the near future.
