(Bloomberg) -- Investors should buy Russian stocks
because they are cheap given the prospects for economic and
profit growth, Bear Stearns & Co. said, changing its investment
stance on the country.
Marianna Kozintseva and Thierry Wizman, New York-based
strategists at the biggest broker for U.S. hedge funds, raised
their recommendation for Russian equities to ``market weight''
from ``underweight,'' meaning investors should now hold the
country's stocks in proportion to the shares' weightings in
international indexes.
Read more at Bloomberg Stocks News
because they are cheap given the prospects for economic and
profit growth, Bear Stearns & Co. said, changing its investment
stance on the country.
Marianna Kozintseva and Thierry Wizman, New York-based
strategists at the biggest broker for U.S. hedge funds, raised
their recommendation for Russian equities to ``market weight''
from ``underweight,'' meaning investors should now hold the
country's stocks in proportion to the shares' weightings in
international indexes.
Read more at Bloomberg Stocks News
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