Newton's Pidcock: Russia is on the brink of total collapse

Pidcock (pictured), who also co-manages Newton's Emerging Markets Income fund with Sophia Whitbread, said global equity investors should be concerned by Russia as the country becomes increasingly impacted by economic circumstance. Newton's house view is that US rates will remain on hold next year, with Pidcock pointing to Russia's potential to destablise the global recovery. Russia has been a no-go area this year for investors following its actions in Ukraine  the 40% fall in the oil price and similar slump in the rouble. Pidcock is concerned the consequences of these events could hit...