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Yes, Russia has a litany of negatives against it — from stagflation and recession, to open conflict with neighboring countries, economic sanctions, ratings-agency downgrades, a sharply declining currency and a megalomaniacal leader.

So you might be wary. But Russian market exchange traded funds ETFs are among the best performers this year. Those kinds of returns show the value of thinking outside the box as an investor, and going against the crowd. The gloom and doom on Russia still runs deep and the stock market still looks cheap, with a price-to- earnings ratio of about 5.

Adventures on the Road and in the Markets. Nothing ever goes straight up. I personally own the iShares MSCI Russia Capped Index Fund ERUS, Other options include the Market Vectors Russia ETF RSX, Rowe Price Emerging Europe Fund TREMX, Wealth Enhancement Group chief investment officer Jim Cahn thinks there are three possible scenarios with Ukraine.

But Cahn doubts Putin will ever push things to the point of outright war with the West, or that the West would take the bait. If there is any sign of resolution, and stabilization in oil prices, we could see a very quick recovery in the market.

A favorite way to judge sentiment for contrarians like me is to observe the media. Often they get the most negative right at the bottom of a trend.

And you often see that via the magazine-cover indicator — when the negative story is brought out as the cover story. It just means they are great at doing their jobs. The media try to serve up stories that will get the most attention. So they have a keen awareness of when negativity is peaking on a theme. Another great contrarian signal. Jim Rogers has been bullish on Russia for months, in part because of what he describes as a key change at the Kremlin.

He thinks Russia has shifted gears and chosen to be more open and friendly towards doing business with the West. Rogers believes Putin has little choice but to get defensive with Ukraine, because of its perceived economic importance, and its strategic significance as a buffer against incursions russian stock market bigcharts the West, historically.

Omerta city of gangsters making money the background attitude change in doing business with the West is still alive and well. So to buy Russia, you have to believe energy prices are going up.

Russia MICEX Stock Market Index | | Data | Chart | Calendar

That will likely be the case as supply destruction caused by lower prices, natural declines in reserves globally, and economic growth tilt the balance in the oil market tips trading forex marketiva support higher prices. Jonathan Waghorn, of the Guinness Atkinson Global Energy Fund GAGEX, Unlike me, Masood is not bullish on Russian stocks in general.

She thinks there are too many risks.

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But lots of quality companies now look really cheap. She favors high-quality companies that have the strength to come out of the slowdown much stronger, because they have taken market share from weaker competitors along the way. A good example is Sberbank of Russia SBRCY, It trades at 0.

She expects the bank to stay profitable this year, despite the recession in Russia. One risk here is that the bank is shut off to foreign capital markets because of Ukraine-related sanctions. And if it does, it can do so in Russian capital markets, says Masood. Next, she likes Yandex YNDX, Yandex is popular in Russia, one reason Google GOOG, Yandex faces robust growth prospects, because Internet usage still has a lot of room to grow in Russia.

The company looks cheap for an Internet stock, trading automatic binary options trading on 1 usd Masood also likes Magnit MGNT, It trades at Rogers likes Russian government bonds for two reasons. As it eventually strengthens, earnings on Russian bonds will get translated into more dollars, or whatever your preferred local currency is.

At the time 60 sec binary options broker definition publication, Michael Brush held shares of ERUS and the T. Rowe Price Emerging Europe Fund.

iShares MSCI Russia Capped ETF, ERUS Quick Chart - (NAR) ERUS, iShares MSCI Russia Capped ETF Stock Price - eqogypacuc.web.fc2.com

Brush is a Manhattan-based financial writer who publishes the stock newsletter Brush Up on Stocks. Michael Brush is a Manhattan-based financial writer who publishes the stock newsletter Brush Up on Stocks. Brush has covered business for the New York Times and The Economist group. He attended Columbia Business School in the Knight-Bagehot program. By using this site you agree to the Terms of ServicePrivacy Policyand Cookie Policy. Intraday Data provided by SIX Financial Information and subject to terms of use.

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VanEck Vectors Russia ETF U. VanEck Vectors Russia Small-Cap ETF U. T Rowe Price Emerging Europe Fund U. Guinness Atkinson Global Energy Fund U. Sberbank Rossia ADR U. Magnit GDR London IOB: Russian Ruble Tullett Prebon: Volume 0 Open