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Investment
December 2019 www.intellinews.com I Page 16
a favourite for 57% of investors, while only 7% said it would lag.
Some 30% named media as a likely outperformer, despite all of Yandex’ volatility during the survey period.
"We rightfully saw a gap between the oil (47% expect outperformance; 3% see a laggard) and the gas names in the O&G space, as Gas is seen as a likely underperformer in 20% of responses, while only 7% expect it to be a top sector," BCS GM writes.
In the meantime steels (33%) is the primary candidate for underperformance, while retail is mostly disliked, but still has a few fans, BCS GM notes.
"There was not a single bet that Steels would outperform, with one out of three investors calling it a top future underperformer. Retail was next, with 27% expecting it to lag and only 10% naming it a candidate for a beat. Twenty percent named Gas as a likely underperformer, while 7% named it a favourite," the survey shows.
Russia’s equity markets are the best performing in the world year to date with the benchmark
MSCI Russia index returning 44% as compared to MSCI EM (emerging markets) gain of 12% and developed markets growth of 22%, Cole Akeson of Sberbank CIB told RBC business portal in November.
Compared to 2018, in US dollar terms, the yields on MSCI Russia soared 80-fold, as the index grew by 0.51% last year, Alfa Bank analysts estimated. At the same time the local indices – the ruble denominated MOEX Russia Index and the dollar denominated Russia Trading System (RTS) – are also both trading at multiyear highs.
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