Russia/Templeton Russia Fund (TRF) Message Board

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Strategies & Market Trends : Russia/Templeton Russia Fund (TRF)

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To: SgtPepper who wrote (78)	8/9/1999 2:28:00 PM
From: Daniel Shaffer	of 94

Buying on Dips Hi, Sgt. I agree with you. Russia will never go back to Communism and there's a lot of Russian "flight capital" sitting in banks in Cyprus, New York, and London. If and when the investment climate improves, that money will start coming back as happened during the last decade in Latin America. The only question is when Russia will get its act together in terms of creating a stable political-economic environment that makes investors comfortable. This means, among other things, reduced official corruption and the enforcement of commercial codes and contracts.

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