News

Extel 2019: Sova Capital Improves Its Rankings

04 Jun 2019

The Extel 2019 results have come through.

Sova Capital is exicited to annouce a strong progress in Russia rankings:

• We reclaimed the Top Spot in the Consumer & Retail sector;
• We returned to the Top-3 both in Banks & Financials and in Small & Mid Caps;
• We ranked among the Top-5 in each of Equity Sales, Oil & Gas, and TMT categories. The YoY improvement in Oil & Gas was especially impressive (from No. 10 last year to No. 5 now);
• We became visible in the Equity Strategy category. We launched our equity strategy line (EqSTRA) only a few months ago, but it is quickly gaining traction.

Mikhail Terentiev, Head of Research, commented “It was no easy exercise this time. Following the merger between II and Extel, there remained only one Emerging Markets ranking instead of two, resulting in much tougher competition for votes. MiFID II has also played a role. That said, I am pleased to announced that we made strong progress in the Russia Ranking. On a firm level SOVA Capital advanced from the No. 10 position last year to No. 6 now, leaving behind a bunch of major global and local houses. We also improved our positions across most sectors/categories.There’s clear scope for further progress going forward.”