Salient to Investors:
- Sam Vecht at BlackRock says Russian stocks are very cheap, carry a high dividend yield, and earnings downgrades are absent. BlackRock’s Emerging Europe Trust was 50 percent invested in Russian stocks at the end of May.
- JPMorgan upgraded Russian stocks in June,
- The Micex is at 5.6 times estimated earnings, the lowest of 21 emerging markets.
- A Bloomberg survey forecasts Russian economic growth of 0.5 percent for 2014.
Read the full article at http://www.bloomberg.com/news/2014-07-10/blackrock-sees-russia-buying-opportunity-after-calling-20-rally.html
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