JPMorgan Russian Securities plc (JRS) Ordinary 1p
The trust has underperformed the MSCI Russia 10/40 Index since 1 November 2006, falling 24.4%* compared with a gain of 4% for the index, in sterling terms.
JPMorgan has a well-resourced and experienced emerging markets team. We believe their approach of seeking companies capable of strong, sustainable earnings growth is sensible and over the long term they could deliver respectable results.
The Russian stock market currently looks inexpensive and investors brave enough to take a contrarian view on an out of favour area can reap the rewards over the long term. However, politics, commodity price falls and currency moves are just some of the risks to be aware of and only the most adventurous investors are likely to be brave enough to dip a toe in the water.
Potential investors should ensure they are comfortable with the risks, details of which can be found in the latest annual reports & accounts along with the charging structure.
The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.
Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.