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Russia Keeps Rocking

Mother! Russia.

When it comes to stocks, America's former cold-war enemy continues to be red hot. Investors in Russian equities and Eastern European funds concentrating in Russian companies are reaping massive returns, even as sentiment for American stocks remains as chilly as a bottle of Stoli.

John Connor, portfolio manager for the (TMRFX) Third Millennium Russia Fund , expects the good times to continue despite fears of a power grab by President Putin derailing the economy. Furthermore, Connor says the recent pullback in energy prices won't harm earnings at Russian oil giants like Lukoil and Gazprom.

Connor's fund is up a dizzying 42.6% year to date and 32.1% annually over the past five years, a lot of it due to big bets in telecom stocks like wireless giant Vimpel-Communications (VIP - Get Report).

Connor stopped by TheStreet.com to chat about Russian stocks with co-Executive Editor Aaron Task.

To view the StreetWatch interview, click here .

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SYM TRADE IT LAST %CHG
VIP $5.41 -0.92%
AAPL $129.77 0.64%
FB $78.98 -0.01%
GOOG $540.00 0.39%
TSLA $231.99 2.60%

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S&P 500 2,117.33 +9.04 0.43%
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