Thursday, September 28, 2017

Investing In Russia

Jim Rogers noted recently that investors are starting to invest in Russia again (the Russian stock ETF (Market Vector Russia ETF Trust (RSX)) is the worst performing country ETF in 2017):

“We have seen some people starting to invest in Russia again. This is just the continuation of the same process. It is happening, more will happen, but it will not be so fast."

Jim Rogers also does not expect the rating agencies (S&P and Moody’s) to raise Russia’s ratings due to political pressures:

“I wouldn’t think it could be soon. They have a lot of geopolitical pressure than they admit and most people realize.”

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