Barings' Wimborne confident on Russia's ability to bounce back

Domestic consumption and natural resources exports expected to drive recovery

Barings’ Paul Wimborne remains overweight in Russia, believing concerns over governance and political risks are already priced in to valuations. Wimborne, who manages the £44.6m Emerging Markets fund, says the chances of a return to the growth levels experienced before the crisis are high, and will be driven by both domestic consumption and natural resources exports. Wimborne has built exposure to Russia in his fund to 11.5%, this compares with an MSCI Emerging Markets benchmark position of 6.5%. “We are quite bullish on Russia and think the prospects for the economy to recover fro...