Russia ETFs: Value or Value Trap?
This article was originally published on ETFTrends.com.
Russian equities and Russia ETFs look dirt cheap relative to U.S. markets, but the perceived value of this emerging market comes with substantial risks. The VanEck Vectors Russia ETF (NYSEArca: RSX) has declined 2.2% year-to-date and currently trades at a 7.56 price-to-earnings and 0.85 price-to-book. In contrast, the S&P 500, which is up 0.7% this [...]