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What's up with the new holdings of the JRS? Mostly financials and companies like Kazatomprom I don't need JRS to buy for. Are we fudged?
I don’t think the holdings list has changed much since the start of the war?
Would've sworn the oil holiding were far more greater tho.
I think the holdings has changed since the start of the war, according to this - https://www.thisismoney.co.uk/money/markets/article-10816667/Russian-connections-JPMorgan-scrutiny.html
No, again it's the percentage holding in relation to overall fund. The percentage of value attributed to Russian assets with the mark them down method jrs have put in place, smoke and mirrors I like their move its crafty. Confusing to many clearly, the holdings remain the same.
Is anyone UK based able to get a quote to buy? For weeks now I can only sell which doesn't suit my agenda!
What platform are you using? Not had a problem buying with Halifax
Hsbc, poly was shut off for a while when the war started but came back. Jr's though is only a sell most days and has been for a few weeks it's frustrating with the price down here.
Ah ok thanks Soleman, does anyone have an opinion which is safer long term? JRS or POLY?
I don't understand sorry. Are you saying the russian oil holding percentage was intentionally diluted out in the portfolio by kazakhstan financial & oil holdings in the portfolio to make it look like it barely has any Russian holdings?
The Russian holdings are valued at 1% of the value on moex. Eg 14 million Gazprom GDR are currently worth over £100 million on Moex but valued much lower by JRS
Ah I see, but why the low valuation? (Obviously I understand we have a war and there various different immense risks that follow these stocks but the valuation done by JP seems to excessively low)
Thanks for the summary FairAnalyst! I am in both but mostly POLY :)
It's crazily low to give the appearance that jrs have pretty much lost everything, this keeps lawmakers and the woke at bay, when the war ends as if by magic things return to normal and you wonder why you didn't remortgage the house.
I like both investments equally for value however simply as poly is one company vs the basket here I see this as slightly lower risk, splitting hairs really.
Ahhhh Fair enough. Now that is a good ruse, thanks soleman for the insight!
I'm afraid JPM Russia have gone and changed the Portolio composition dramatically. So any dramatic uptick in Russian share prices (or the "rubble" - already up significantly) will go to someone else. What id.io.ts.
I’m not sure where you are getting that idea from? Nothing had changed much
(Top 10 Holdings )
Halyk Savings Bank of Kazakhstan JSC GDR 37.00%
Kaspi.kz JSC GDR 21.48%
United Co RUSAL International PJSC 11.57%
National Atomic Co Kazatomprom JSC ADR 8.91%
JPM USD Liquidity LVNAV X (dist.) 8.15%
GAZPROM PJSC COMMON STOCK RUB 1.12%
Sberbank of Russia PJSC Participating Preferred 1.01%
MMC NORILSK NICKEL PJSC COMMON STOCK RUB 1 0.76%
LUKOIL PJSC COMMON STOCK RUB 0.72%
ROSNEFT OIL CO PJSC COMMON STOCK RUB 0.01 0.33
Now efectively a Kazakh fund.
If you download the holdings list you will see that they have not changed, just the value that they attribute to them has changed
Oh ok thanks. I'll take your word for it. If so, that's a massive relief. I couldn't find any (latest) commentary on their web page.
I just hope The Sleepy One doesn't force them to sell the Russan holdings.
You can’t be forced to sell something that currently cannot be sold
Yes I know that. I mean once restrictions on foreigners are lifted on the Russian side. There will be a short term stampede for the door as the big Institutions try to cover their behinds from a legal and regulatory/govt viewpoint. Would be a bad time to sell.
Tbh the war is getting dropped from most main media outlets and ficus moved elsewhere that I doubt it will be a big problem