An increasingly wide group of institutional investors, high-net-worth individuals and retail investors are providing the new capital to make Russia the world’s best performing equity market so far this year. The MT-50 share index is up nearly 200% in dollar terms, while the RTS index of 22 leading stocks has risen 166%. Demand continues to be funnelled through American Depository Receipts (ADRS), which have kept the blue chips active. However, newly-formed Russian equity funds are exploring lesser-known shares, and there is an expanding universe of attractive and undervalued companies.
Thanks for your interest in Euromoney!
To unlock this article:
