Former Soros Partner Calls to Invest in Russian Assets

PHOTO by Donat Sorokin / TASS

American investor and owner of Rogers Holdings Jim Rogers stated that investments in Russian assets and agriculture will bring the highest returns in 2017, RNS reported.

Rodgers said that he had recently acquired Russian stocks and rouble bonds. At the same time, he recommended selling shares of Facebook and Google. "I would advise the sale of Facebook, Amazon, Netflix, Google / Alphabet shares in the United States, as it's clear that a bubble is forming," said the investor.

Previously, Rogers pointed out that Donald Trump's victory in the United States presidential election will have a positive impact on the attractiveness of Russia for investors, the agency reported.

In April 2015, Rogers encouraged investors to buy federal loan bonds in roubles, calling them a good investment. “A yield of 13-14% in roubles is quite a good return on investment," he said.

Jim Rogers is a successful American investor and founder of the Rogers Holdings investment fund. In 2007, Rogers predicted the mortgage crisis in the US and the sharp drop in oil prices in the autumn of 2014.

In 1973, he and George Soros founded the Quantum Fund, which brought a profit of 4,200% in ten years, while the American S&P index rose by only 47% during that same time period. Since 2012, Jim Rogers has worked as an advisor to investment bank VTB Capital in agriculture assets.