Going long in Russia

The UFG Russia Select Fund, due to launch on 1 December, is a long/short fund maintaining a long bias to capitalise on what the group sees as huge potential in the country.According to UFG, Russia is one of the few countries insulated from the potential impact of a US-inspired global double-dip recession, with a GDP current account surplus of 9%, 80% reserves to import coverage, GDP growth of 4% and debt levels which have fallen from 120% of GDP to 40%.While almost every other major index h