We asked investors to give us their thoughts about the state of the Russian markets and the quality of Russian securities research, and what we heard was solidly positive.
Overall, investors appear to have high hopes for the Russian markets. When we asked All-Russian Research Team survey respondents how they expected their total investment in Russian equities to change over the next 12 months, about 65 percent predicted they'd increase, almost 30 percent guessed they'd stay the same, and only 6 percent expect them to fall. Similarly, more than half of voters think that their investments in Russian fixed-income securities will increase, while 40 percent anticipate that they'll stay the same.
On the topic of the quality of sell-side Russian securities research, investors offer the same rosy feedback. Nearly 70 percent of respondents report that Russian securities research has improved over that past year, almost 30 percent say it's stayed the same and only 3 percent believe it's deteriorated.
When asked to opine on the problems currently plaguing the Russian markets, most voters choose disclosure as the forefront concern, followed by liquidity.
