Good start, poor continued – Russian market finished 1H with losses on Cyprus saga and critical deterioration of corporate governance (TNK-BP Holding case). But stocks were compleatly recovered in second half of the year thanks for the global markets uptrend.
Getting out of state companies (Gazprom, Rosneft).
All data based on official disclosure informafion — Bloomberg and Asset Management Company Reportings:
Raiffeisen Equties Value of assets Report — 1Q 2013 (download)
Raiffeisen Equties Value of assets Report — 2Q 2013 (download)
Raiffeisen Equties Value of assets Report — 3Q 2013 (download)
Raiffeisen Equties Value of assets Report — 4Q 2013 (download)