Russian Stock Market

[Aaron]

Is there an Exchange Traded Fund for the Russian stock market that I could buy into. I have done zero research re Russia but a month or so ago I read that it was a bargain and things have only got worse since then. Maybe buying direct would be better as the drop in the rouble would be more noticeable as ETFs probably hedge against exchange rate risk.

There may already be a past thread on this which you could point me to.

Anyway I use ASB Securities who charge an arm and a leg for anything outside NZ & Australia, so recall reading that Options Express or Interactive Brokers might be the way to go for overseas shares.

Obviously a lot more reading is required but thought I would ask first about what might be the best way to go about it..

Is Gazprom still around (the sharetrader poster not the company).

[Vaygor1]

If your talking Gazprom1, yes he/she is still around.

Mostly posts lately on the MCR and OEL threads in the ASX forum.
You can PM him/her here:
http://www.sharetrader.co.nz/private.php?do=newpm&u=8545

PS. Russian Stock Market = Russian Roulette

IMHO. :)

[PLYNCH]

I have been watching JP Morgan Russian Securities plc listed on the London market.It trades at a 11% discount.Low 1.2% management fee.

[Aaron]

Thanks for that. 173% return over 10 years sounds good.

[skid]

Those wonderful ''hindsight'' numbers can also mean overbought.
Even the US stock market is looking shaky ATM and Russia has been just down rite scarey since the troubles of late.

extreme caution required for this play--Russian Roulette was a good description

[sashadidi]

I know Russia a little ..( I have a Russian wife and family) and we spend a bit of time there. A dangerous market where if you are successful you can be taken out or over at anytime using the courts tax police ,local laws etc. A example of that is the recent attack on Sistema group by the government recently.Probably Rosneft oil wants the cash flow to service its own vast debts....... You if want to play the ruble currency. I believe you can use these people
http://www.fxpro.co.uk/trading/products/spreads
http://www.alpari.co.uk/

[sashadidi]

Here is an example of why you do not invest in Russia at present

MOSCOW, Oct 30 (Reuters) - Russia won court approval on Thursday to seize shares held by a billionaire businessman's company in oil producer Bashneft over its "improper privatisation", marking a success for the latest state move to reclaim prized corporate assets.Moscow's Arbitration Court ruled in favour of prosecutors who said Bashneft was unlawfully sold to local authorities in the early 2000s before being sold in 2009 to oil-to-telecoms conglomerate Sistema, controlled by tycoon Vladimir Yevtushenkov.
Judge Olga Alexandrova said shares held by Sistema would be moved to Russian property fund Rosimushchestvo, which manages state-owned assets. She said Sistema, which denies the allegations, had a month in which to appeal.
The decision is the latest move allowing the return to state control of oil and gas assets sold off in the rapid and chaotic privatisations of the 1990s after the Soviet Union collapsed. It follows the $55 billion acquisition of Anglo-Russian oil group TNK-BP by Kremlin-controlled Rosneft.
Yevtushenkov, one of Russia's richest men, has been placed under house arrest on suspicion of money laundering related to the acquisition of Bashneft. The company denies the charges.

Continuedhere:
http://www.reuters.com/article/2014/10/30/russia-bashneft-courts-idUSL5N0SP3FZ20141030

[Skol]

An article today, Russia is a very problematic place.

http://www.stuff.co.nz/business/world/63912792/Can-anything-save-Russias-rouble

[Skol]

https://twitter.com/BankableInsight/status/540925405142999041

Vlad, like many dictators resorts to unconventional methods to get what he wants.

[sashadidi]

The question is will you ever get the money or ever get it out now ....

[Hoop]

Of interest...one very sick chart

http://i458.photobucket.com/albums/qq306/Hoop_1/RussianMarket.png (http://s458.photobucket.com/user/Hoop_1/media/RussianMarket.png.html)

[Aaron]

It would appear my investing ideas are almost a guaranteed way to lose money. Glad I didn't do anything back on the 30 Sept. Things look way worse since then. Although maybe now is the time to be getting serious about investing in Russian companies. Whatever I do will probably be a week before Putin nationalises the business. Will a 17% yield on Russian debt offset a strongly rising rouble. Too much for me to know, so I might look at passive index funds.

P.S. thanks for the charts Hoop always find them interesting.