Friday, June 15, 2007

Investors Should Increase Russian Share Holdings, Morgan Stanley Says

(Bloomberg) -- Investors should buy Russian stocks
such as OAO Mobile TeleSystems because the equity market has
dropped to a level that is ``more appropriate given high
political- and corporate-governance risk,'' Morgan Stanley said.

Strategists led by Jonathan Garner, London-based head of
global emerging-markets strategy, raised their recommendation on
Russian stocks to ``equal weight'' from ``underweight,'' which
means that investors should hold the country's shares in line
with the country's weighting in international indexes.


Read more at Bloomberg Stocks News

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