Shares of Russia’s leading convenience store operator Magnit PJSC (LSE:MGNT) gained in the fourth quarter in line with peers and a strengthened ruble currency. Magnit is investing in several opportunities that, coupled with store growth reacceleration in the medium term, should lead to double-digit earnings growth for several years to come, in our view. (Aaron Wasserman)
From Baron Emerging Markets Fund fourth quarter 2016 commentary.
