Russia Seen Beating Emerging Stock Gauge 3rd Month by Verno
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Russia’s benchmark Micex Index will grow at a faster pace than other emerging markets for a third month as high dividends and low volatility lure investors.
The Micex has risen 4.9 percent this month, beating the MSCI Inc.’s Emerging Market Index’s 1.2 percent advance. The Micex’s 50-day volatility fell to 12.2311 today, the lowest in at least 10 years. Russian equities trade at 5.7 times estimated earnings, the smallest multiple among 21 emerging markets tracked by Bloomberg.