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MegaFon OAO to Be Put on Market Vectors Index-Interfax


Tuesday, 12 Mar 2013 12:44am EDT 

Interfax reported that MegaFon OAO's (OJSC MegaFon's) global depository receipts (GDR), on the basis of quarterly review, will be included on the Market Vectors index, to which the fund Market Vectors Russia is oriented with USD 1.6 billion under its management. The Market Vectors Index Solutions website says the changes take force next Monday, and the Company's GDR will be weighted at 2.02%. Considering the USD 1.6 billion managed by Market Vectors Russia, flow into MegaFon OAO's GDR after being put on the Market Vectors index will run to about USD 32 million.