Since QuotedData’s last note on JPMorgan Russian Securities (JRS), Russia has been among the bestperforming equity markets globally, despite being out of favour with international investors. The RTS Index has climbed above its 2014 pre-Crimea levels, before sanctions were imposed. Although economic growth has disappointed in 2019, earnings and dividend payout ratios continue to grow. At a trailing price-earnings (P/E) ratio of just 6x, the Russian market remains extremely cheap.
13 Sep 2019
Outperforming and attractively valued
JPMorgan Emerging Europe Middle East & Africa Securities PLC Shs GBP (JEMA:LON) | 0 0 0.7% | Mkt Cap: 48.9m
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Outperforming and attractively valued
JPMorgan Emerging Europe Middle East & Africa Securities PLC Shs GBP (JEMA:LON) | 0 0 0.7% | Mkt Cap: 48.9m
- Published:
13 Sep 2019 -
Author:
Ed Marten -
Pages:
18
Since QuotedData’s last note on JPMorgan Russian Securities (JRS), Russia has been among the bestperforming equity markets globally, despite being out of favour with international investors. The RTS Index has climbed above its 2014 pre-Crimea levels, before sanctions were imposed. Although economic growth has disappointed in 2019, earnings and dividend payout ratios continue to grow. At a trailing price-earnings (P/E) ratio of just 6x, the Russian market remains extremely cheap.