Russia: opportunity for the adventurous

Is it time to take a fresh look at Russia? asks Jen Wieczner on Fortune.com. The crisis in Ukraine has sent foreign funds running for the exits, pulling an already-depressed market down by around 12% so far this year.

Major companies such as energy giant Gazprom have traded on price/earning (p/e) ratios as low as three in recent weeks, while the overall MSCI Russia was on a p/e of five at the end of March. “Investors who thought Russian stocks looked incredibly cheap before think they’re practically irresistible bargains now.”

Of course, there’s good reason for [...]

MoneyWeek magazine

Latest issue:

Magazine cover
A new dawn for energy

Our experts pick the stocks to buy

The UK's best-selling financial magazine. Take a FREE trial today.
Claim 4 FREE Issues
Shale gas 'fracking' promises to transform Britain's energy market. Find out what it is, what it means, and how to invest.

More from MoneyWeek

FREE REPORT:
What you should really do with your money (2014 Edition)


How to buy and sell penny shares

A beginner's guide to investing in gold

How to invest in British fracking