Battered Russian Stocks Post Best Risk-Adjusted Returns in 2016

  • Micex Index rising the most among biggest emerging markets
  • Russian equities remain the cheapest in developing nations

A worker makes adjustments to an oil pumping jack outside the village of Nikolo-Beryozovka near Neftekamsk, Russia.

Photographer: Andrey Rudakov/Bloomberg

Equity investors who have shunned Russia as tumbling oil prices and international sanctions drove wild price swings may have a good reason to take a fresh look at the cheapest stocks in developing nations.

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