Morgan Stanley East. Euro (AMEX:RNE)
A non-diversified, closed-end management investment company.
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3 to 5 star stock in one year.
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This will grow and will pay nice dividends while you wait.
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high yield
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Buying on the strength of the ruble and the euro. Ruble is projected to keep appreciating, and the euro just moved into eastern europe for the first time.
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eastern european and asian firms backed by the euro will seixe the benefits inured by growth in the industrialization and growth of eastern european/asian nations
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RNE is mostly invested in Russia with Poland a distant 2nd. Plays the diversification role in a portfolio well because it rarely is affected by American markets. Poland should continue to grow even more rapidly than it has in the past. I wish RNE wasn't so heavily invested in Russia and spread out its investments a little more throughout eastern Europe. However, RNE is still a good play for significant return in the next year.
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Selling at a discount
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I bought this a few weeks ago to diversify my 'Emerging Markets' portfolio because I was too heavy in China/SEAsia stocks. It covers Eastern Europe and Russia and pays a very nice dividend twice a year.
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Again, an emerging market ETF. Has not had an outrageous gain like some of the other ETFs and was beaten down badly after it went ex-div.
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A closed end fund -- Eastern Europe play. Expense ratio is much higher than for an ETF
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Europe will catch up American markets.
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Russia, and Energy will rule.
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So much growth waiting to happen in eastern Europe!!!
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