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Trump Might Get Thank-You Notes for Russian Bond Sanctions

  • Ashmore sees buying opportunity if sanctions target state debt
  • Bond investors await U.S. report on penalties by Jan. 29
Updated on

Some European investors will be grateful if the U.S. Treasury recommends sanctioning Russian debt.

“It would mean forced selling by Americans, a wonderful technical, which would be criminal not to exploit if you are a European investor,” said London-based Jan Dehn, the head of research at Ashmore Group, which manages $65 billion of emerging-market assets. “We would have to send a thank-you note to Donald Trump.”