Surging Energy Prices Make Russia A Top Investor Pick

Russian equities and its currency are winning the race for attracting investors in emerging markets after the Evergrande debacle in China, as soaring energy prices are raising the bullish prospects for Russia’s economy and markets. So far in October, the Russian ruble has gained the most among all currencies of emerging-market economies, estimates from Bloomberg showed on Monday.

Portfolio managers have recently moved some investment from China into the Russian equity and forex markets, expecting gains for energy companies and the Russian…