Investment in Russia and Eastern Europe Message Board

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Strategies & Market Trends : Investment in Russia and Eastern Europe

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From: Julius Wong	7/18/2009 8:49:43 AM
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... Mobius: Russian stocks are “very undervalued” and should be a “big holding” for investors as markets recover, the fund manager said. Stocks in Russia, the world’s largest energy supplier, trade at less than half the price relative to earnings compared with global peers. The Micex Index is valued at 7.5 times reported earnings, compared with 16.1 for the MSCI EM index. bloomberg.com

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