Russia’s stock market is up over 20% YTD making it one of the best performing markets in the world. The RTS also finally broke out of its 900-1300 trading band where it has been stuck for most of the last five years since the annexation of Crimea. And Russian stocks pay the highest dividends in the world – twice the MSCI EM benchmark average. But no one is talking about a boom on the Russian stock market yet.
bne IntelliNews editor-in-chief Ben Aris talks to Jacob Grapengiesser, head Eastern Europe for Sweden’s East Capital, the biggest retail fund covering emerging Europe and beyond. The economy is recovering and sanctions fears are receding, but Russia has not quite returned to normal.
Ben Aris, editor-in-chief, bne IntelliNews
Jacob Grapengiesser, partner and head of Eastern Europe at East Capital