Over the past three months the ruble has become a leader among the world currencies due to the recovery in oil prices. Because of this, the Russian currency has brought a 19-percent income to traders which make so-called "carry trade" transactions, in which investors borrow in countries with low interest rates and investing in the assets of the country, where interest rates are high (for example, borrow dollars to buy ruble assets). It is reported by Bloomberg.
Investors who are not afraid of the volatility of the Russian currency, have a great chance of getting the world's highest rate of return. Sergey Strigo, head of department of bonds of developing countries' from company Amundi, considers as a good investment Russian assets and stays to a "constructive" view on the ruble, reported Bloomberg. "To borrow in dollars to buy Russian bonds is a very attractive strategy," - said the investor.
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