Page 8 - RusRPTNov19
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Russian companies are still paying the highest dividend yields in the world at twice the rate for the MSCI EM benchmark average.
As sanction fears subside and thanks to the large dividends portfolio investors’ interest in Russian stocks has perked up. The RTS index broke above 1400 in October – its highest level in about four years – and the market has returned 29% YTD as of the end of October. Utilities and financials are leading the charge. Analysts don't think the index has much further to do this year, but at the corporate level strong earnings and big dividends are producing lots of story to play on but Russia’s capital market remains volatile and it's a stock pickers market.
8 RUSSIA Country Report November 2019 www.intellinews.o
