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Russia (RSX) is lifted to Overweight by Citigroup, citing low valuations for making the country...

Russia (RSX) is lifted to Overweight by Citigroup, citing low valuations for making the country its preferred pick in central/eastern Europe, Middle East, and Africa. The Micex trades at 5.1x earnings after falling 8.5% this year vs. 9.5x for the MSCI Emerging Markets Index. The recent rise in crude oil to more than a 1-year high can't be hurting either.
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Comments (2)
  • bbro
    , contributor
    Comments (10531) | Send Message
     
    At some point the value trade is going to work on emerging markets,,,,
    right??
    8 Jul 2013, 07:25 AM Reply Like
  • 2LO Asset Management
    , contributor
    Comments (7) | Send Message
     
    The waiting game on the BRIC upswing is nail biting, but it has to work... They are the only creditable economies once you measure valuations by hard assets and cash reserves and surpluses, but this artificial inflating of economies that are highly indebted, spending into deficit oblivion, and with no hard assets or unable/unwilling to extract and prosper from them is mind numbing. I believe the more disparity there is between real and artificial valuations the greater the bubble becomes. I am buying on the dips waiting for the 'big bang'.
    8 Jul 2013, 08:22 AM Reply Like
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