East Capital launches new Russia fund
In order exploit the potential of the strong domestic Russian economy, East Capital launches a new alternative fund, the East Capital Russia Domestic Growth Fund. The fund is expected to have its first closing around end of August.Despite the uncertain global economic outlook across the globe, the Russian economy continues to buck the trend, demonstrating impressive growth rates. In addition to unemployment, inflation and interest rates are also at record lows whilst wages have risen rapidly. As a result, domestic consumption has been particularly strong. “Under current market conditions