Weak oil prices and a deteriorating relationship with the US have weighed on the Russian market for some time. Hopes of a rapprochement with the West in the wake of President Trump’s election have fizzled out. Russia is adjusting to the environment it finds itself in and earnings growth is starting to materialise. Falling inflation has highlighted excessive real interest rates, leaving scope for further interest rate cuts. Investors have been avoiding Russia and this is evident in a
price/forecast earnings ratio for the market close to 5x and a prospective dividend yield of 7% (as at end July 2017). JRS offers investors a more balanced portfolio than an equivalent ETF and one that draws on the wider pool of stocks that are not
constituents of the main indices (see page 9). This gives it the freedom to perform and it is available on an attractive discount.
JPMorgan Russian Securities is an investment trust based in the United Kingdom. Co. is engaged in providing capital growth from investment in Russian securities. Co. maintains a diversified portfolio of investments in quoted Russian securities and Russian pre-IPO stocks (up to 10% of the gross assets of Co.) or other companies which derive the majority of their revenue or gains from operating in Russia.
QuotedData you with provides access to research on Investment Companies, Investment Trusts and Mining companies. Our aim is to provide you all the information you might need to make your own investment decisions. We cannot offer you advice on your investments.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.