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Comment by Alex Metherell, Co-Head of Investment Banking International at VTB Capital, for Bloomberg

10 February 2017
VTB Capital Sees Metals & Mining Leading Russian Offerings

Russian metals and mining sector has “performed strongly,” benefiting from improvements in economy and commodity prices, Alex Metherell, co-head of global banking at VTB Capital, says by e-mail. 

  • “These companies represent some of the largest and most liquid stocks in the market and so are naturally attractive” for investors
  • GDP growth expectations for Russia have been rising, inflation is seen lower and coupled with stronger oil price, “provides a macro environment that is supportive of Russian equities” sales
  • Also says the “improvement in the geopolitical environment provides an impetus to a normalization of a business as usual attitude”
  • VTB Capital sees this trend rolling out during in the next 12-18 months
  • NOTE: Also on Friday: Russians Come in From Cold as Trump, Commodity Markets Align

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