Will Russia Win Financially In The World Cup?

Chief Executive Officer/Chief Investment Officer • Jul 3, 2018 at 12:09 PM EDT

Russia has spent an estimated $14 billion to host the 2018 World Cup. After recently hosting the 2014 Winter Olympics, it begs the question: are there any long-term economic benefits for the host nation of a major sports tournament?

Russia should expect to see growing travel demand and passenger flow through its airports. However, regardless of the increased exposure from the World Cup, the Russian economy has been in an upward trend after emerging from a two-year recession.

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The S&P 500 Stock Index is a widely recognized capitalization-weighted index of 500 common stock prices in U.S. companies.

The MOEX Russia Index is the main ruble-denominated benchmark of the Russian stock market.

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This commentary should not be considered a solicitation or offering of any investment product. All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor.

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