Ativo Capital

Rigorous Thinking

Financial and economic commentary reflecting Ativo’s world view:

Ukraine and Russia – Assessment and Portfolio Adjustments

Tuesday, March 11, 2014


Ativo has taken steps to reassess the exposure of our portfolios to Russia and Eastern Europe in light of the developments over the last few months in Ukraine. We had an overweight in Russian equities when the crisis in Ukraine escalated on February 22nd, as Ukrainian President Viktor Yanukovych fled the country to Russia after a political coup and Russia subsequently occupied the Crimean region in southern Ukraine. Since then we’ve cut down our exposure to a slight underweight in Russia with the sale of Sberbank and Sistema JSFC from our portfolios. We’ve maintained our exposure to other Russian…

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