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Tag: Investing in Russia

My Russian Value Trap

April 25, 2017

I bought into an ETF replicating the MSCI Russia Capped Index back in April 2014 on the basis of the Russian market’s low Cyclically Adjusted Price Earnings ratio (CAPE), which was around 5 at the time and the lowest in the world. (For more on the rationale of CAPE investing, see this post.) After three frustrating … More My Russian Value Trap

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