Contact Information: Contact: Alyssa Walker awalker@iiresearchgroup.com (212) 224-3677
Institutional Investor Announces the All-Russia Research Team
Survey Finds Renaissance Is No. 1 in Russian Securities Research
| Source: Institutional Investor
NEW YORK, NY--(Marketwire - June 9, 2009) - Many of the analysts who do the best job of
providing that guidance can be found at Renaissance Capital, according to
participants in the 2009 All-Russia Research Team survey, Institutional
Investor's sixth annual ranking of Russia's leading securities researchers.
Investors returning to Russia want reassurance that the rally is
sustainable and are looking for direction on which sectors of the economy
are likely to enjoy the most robust growth.
The complete ranking can be found on our web site, www.iimagazine.com.
Despite high inflation, high unemployment and concerns of an ongoing
economic contraction, optimism abounds in Russia. Last month, rising oil
prices and rekindled investor interest in Russian equities helped lift the
benchmark Russian Trading System index above the psychologically important
1,000-point level (it had fallen as low as 498.20 in January), prompting
many analysts to declare that the worst of the economic crisis is over.
RenCap takes top honors for a sixth consecutive year, but by a narrow
margin over second-place Troika Dialog: The firms capture 14 and 13 total
team positions, respectively. Deutsche Bank rises one notch to third place,
with five team positions. UBS and UniCredit Research tie for No. 4, with
four positions each.
Institutional Investor's 2009 All-Russia Research Team survey results are
based on responses from more than 300 investors at 240 institutions
worldwide managing an estimated $111 billion in Russian assets.
The complete ranking can be found on our web site, www.iimagazine.com.
For more information, please contact Alyssa Walker at
awalker@iiresearchgroup.com or (212) 224-3677.