Extraordinary returns, more extraordinary fall
By Yaser Anwar, CSC of Equity Investment Ideas
Templeton Russia Fund (TRF) was on a 30% premium to its actual value last month & i told readers of Investment Ideas blog
“If speculative emerging markets like Russia experience a profit taking sell-off in the near future, this fund is sitting “fat and sassy”… and could suffer a fantastic drop.”
The emerging market sell-off came. But TRF’s plunge has been extraordinary. The fund is down 46% from its May highs… and down 27% in just the past week.
Let the fall in Russian stocks be a lesson to all of us… when investors decide to exit emerging market stocks, they shoot first and ask questions later.
http://www.equityinvestmentideas.blogspot.com/
Templeton Russia Fund (TRF) was on a 30% premium to its actual value last month & i told readers of Investment Ideas blog
“If speculative emerging markets like Russia experience a profit taking sell-off in the near future, this fund is sitting “fat and sassy”… and could suffer a fantastic drop.”
The emerging market sell-off came. But TRF’s plunge has been extraordinary. The fund is down 46% from its May highs… and down 27% in just the past week.
Let the fall in Russian stocks be a lesson to all of us… when investors decide to exit emerging market stocks, they shoot first and ask questions later.
http://www.equityinvestmentideas.blogspot.com/
posted by douglas mcintyre at 12:30 PM
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