Economics
Aberdeen’s Russian Bond Trade for 2015 Joined by Goldman
This article is for subscribers only.
Aberdeen Asset Management Plc says Russian bonds will rebound in 2015, and is putting money on it.
Inflation will be curbed and the ruble will stabilize from the middle of next year as Russia’s central bank raises interest rates further, according to Viktor Szabo at Aberdeen in London. The money manager boosted its holdings of the January 2028 ruble security by 1.55 million in the third quarter, to 1.7 million bonds with a face value of 1,000 rubles ($23.99), according to company filings on Bloomberg.