Jim Rogers, co-founder of Quantum Fund with George Soros, has come up with a contrarian advice. The legendary investor said that in the coming time, investors should contemplate on buying Russia. He said that the US markets are at their all-time high, making it important to take a look at undervalued markets.

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CNBC reported that under the new president, the US corporate sector is likely to witness positive initiatives such as elevated infrastructure spending, tax cuts, and corporate cash repatriation. He also said that the Trump effect had a positive impact on the US stock market.

The investment genius said that the relationship between the US and Russia is likely to become warmer in the future. This development would make Russia an attractive proposition for the investors. It is expected that the new administration may ease some of the bans imposed on Russia.

He expressed his 'holding' view on Chinese economy, where he is neither buying nor shorting assets. He said that Trump's negative opinion about China will likely dampen the investment recommendation for the country.  

Rogers said, "America and China could really boom together, [but] Trump seems to have it in for China." He also expressed his skepticism of the anti-China stand taken by Trump as he said that Trump family has strong business ties with China.

President-elect Trump has made a number of appointments that are being seen as anti-China. His pick for heading the National Trade Council, Peter Navarro, has authored a book titled, "Death By China: Confronting the Dragon."

TagsJim Rogers, donald trump, Russia