Strong Macros and Political Scenarios Confront Volatility Riding on Global Stresses.

The article assesses the condition of Russia's portfolio investments for the year 2008. Portfolio investment in the first months of 2008 has been a study in contrasts. Volatile equity prices have defied an enviably strong macro environment and a significantly diminished level of political uncertainty. Russian shares will not continue to be affected by the economic downturn of the U.S. due to the country's economic growth and increased consumer spending. Details of the performance of investment portfolios in different sectors are presented.