Russian stocks will get the best of the Trump bump

Russian stocks could prove to be more effective than US stocks as a way to bet on Trump.

The US stockmarket began to reconsider its enthusiasm for Donald Trump thisweek. But stock investors needn't give up on the idea of the "Trump bump" altogether, says Anthony Hilton in the Evening Standard. They just need to switch their focus. "Russia could prove to be more effective than Wall Street as a way to bet on Trump."

Neptune Investment Management's Robin Geffen, an expert on Russia, points out that sanctions are now likely to be lifted, which bodes well for the economy and earnings. President Vladimir Putin, meanwhile, however distasteful his policies, provides a more stable and predictable political backdrop than investors would find in many other developing countries.

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Andrew Van Sickle
Editor, MoneyWeek

Andrew is the editor of MoneyWeek magazine. He grew up in Vienna and studied at the University of St Andrews, where he gained a first-class MA in geography & international relations.

After graduating he began to contribute to the foreign page of The Week and soon afterwards joined MoneyWeek at its inception in October 2000. He helped Merryn Somerset Webb establish it as Britain’s best-selling financial magazine, contributing to every section of the publication and specialising in macroeconomics and stockmarkets, before going part-time.

His freelance projects have included a 2009 relaunch of The Pharma Letter, where he covered corporate news and political developments in the German pharmaceuticals market for two years, and a multiyear stint as deputy editor of the Barclays account at Redwood, a marketing agency.

Andrew has been editing MoneyWeek since 2018, and continues to specialise in investment and news in German-speaking countries owing to his fluent command of the language.