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Russian shares

Is Romney’s son betraying his father for an investment?

The son of US presidential candidate Mitt Romney visited Moscow this week, writes The New York Times. One of the candidate’s five sons, Matthew Romney, allegedly was looking for Russian investors for his Excel Trust company, which owns shopping centers in the United States, and convinced that President Romney was not as tough on Russia as he said.

American media continues to entertain the world with the staging of “US presidential election.” According to The New York Times, in Moscow, the son of a presidential candidate probed the situation in the Russian capital and assured “people close to Putin who can retell their conversation to the president,” that his father, despite tough rhetoric in his election campaign, wants a good relationship with By Russia.

The publication reports that Matthew Romney is looking for investors in Russia for his trust, which allocates 90% of taxable income to dividends.

“There are great opportunities around the world: people are looking for where to invest their money,” says Greg Davis, vice president of Excel Trust. “Now all trips are of an overview nature, we are looking to see if the market exists, is it configured to invest in Excel.” Continue reading

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