Russian stocks are a steal – but does that make them a good bet?

Political uncertainty is a big red flag, but if you’re still bullish, avoid individual Russian equities and plump for a passive fund instead, says David C Stevenson.

One stock market in the world today represents either the single greatest opportunity within emerging markets – or the single biggest value trap. If you hadn’t guessed it already, I’m talking about Russia.

By various measures, Russian stocks look fantastically cheap. But are they set to soar? Or could they get even cheaper?

The key lies in whether or not you believe that politics should matter to investors. When I was a young [...]

Want to read this article now?

MoneyWeek magazine

Latest issue:

Magazine cover
Heading higher?

Or are house prices set to fall?

The UK's best-selling financial magazine. Take a FREE trial today.
Claim 4 FREE Issues

'Would you rather upset God, or have Him just ignore you?'

In the first of three interviews with Merryn Somerset Webb, Hugh Hendry, manager of the Eclectica Fund, talks about what it takes to be a good hedge fund manager – and how he learned to stop worrying and love central banks.


Which investment platform?

When it comes to buying shares and funds, there are several investment platforms and brokers to choose from. They all offer various fee structures to suit individual investing habits.
Find out which one is best for you.


21 November 1969: The first permanent Arpanet link

A milestone in the formation of the internet, the first permanent Arpanet link was established on this day in 1969 between researchers in the United States.