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Going long in Russia

Market is benefiting from a relative insulation from the impact of a global double-dip recession.

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%

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