Making a monkey out of professionals with stock picks
Finans Magazine does, and with the RTS currently nudging 700 it thought it needed to look at another way of getting stock market guidance and has turned to a female monkey from the Durov animal circus.
It coaxed the young monkey into choosing 8 publicly listed company from a group of 30 with independent observers present to ensure that there was no pressure on the monkey from any organizer to choose one stock or another. The monkey chose Polyus Gold, Rosneft, Lukoil, Avtovaz, Gazprom-Neft, Surgutneftegaz, Sberbank, Uralsvyazinform.
Finans Magazine intends to set up a portfolio matching the monkey’s selection, and monitor it throughout 2009 to see how it compares with the professionals and their advice.
4. Polyus Gold