If you're comfy in China, consider Russia

Renaissance Capital kicked off its 15th annual investor conference in Moscow on Monday by underscoring to the 3,500 people in attendance that Russia’s economic fundamentals make it one of the most attractive Bric nations to invest in.

Bric of course stands for Brazil, Russia, India and China, four promising emerging-market economies singled out by Goldman Sachs a decade ago. The other three continue to attract plenty of interest, but investors have been a bit skittish about Russia lately.

The least sensitive criticism levelled against the country is that during the past three years it has failed to match the economic growth of its Bric counterparts. This...