- The Russian economy has returned to growth and the long-term prospects are positive.
- The combination of the relative stock market cheapness and economic upturn could lead to outsized returns.
- The ruble could strengthen further while the current dividend yield of 5% isn’t bad at all.
At the end of 2016, I wrote about how it was best to avoid Russia due to its dependency on oil, slow development and progress even if it was and still is the cheapest stock market in the world. Since then, the Russian ETF has dropped almost 20% but has currently recovered to the December 2016 level. More →