Some emerging markets investors undoubtedly cringe at the phrase “Russian stocks are cheap.” Not because it is inaccurate. Actually, Russian equities usually traded at discounts to broader emerging markets benchmarks and those discounts have widened in recent years.
Rather, the cringing comes about because the “Russian stocks are cheap” chorus has not been quiet but the advice has born no fruit. Over the past three years, the Vanguard FTSE Emerging Markets ETF (NYSE: VWO) and the iShares MSCI Emerging Markets ETF are off an average of 12.5 percent while the Market Vectors Russia ETF (NYSE: RSX) has slid 41.1 percent over that period.
Russian ETF
That is in the past seems to be the attitude some traders are taking toward the Direxion Daily Russia Bull 3x Shares (NYSE: RUSL), an ETF that seeks to deliver three times the daily ...
/www.benzinga.com/trading-ideas/long-ideas/15/08/5785262/cheap-stocks-provide-fools-gold-for-bettors-on-bullish-levera alt=Cheap Stocks Provide Fool's Gold For Bettors On Bullish Leveraged Russia ETF>Full story available on Benzinga.com
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