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Hi @harrynoodle

Expect Rajiv Jain to own any issues and address them quickly. Believe GQG will have divested most of Russian asset holdings. Having decreased Russian asset allocation in EM Fund from 15% at December end to 8% January end indicates they are addressing risk.

Hopefully get opportunity to ask the question about this tomorrow. What is the current allocation to Russia? What makes SBER Bank of Russia worthwhile holding?

Other question is, what is the opportunity of buying into SBER Bank of Russia now and are they likely to be sanctioned by US? Annual dividend in May is expected to be $1.02 (same as last year). This is an 11.3% dividend yield at share price of $8.97.

EPS is $2.77, so 3.24 PE ratio (** all financials from Barrons.com).

If this goes down any further, could be a worthwhile bet if GQG are continuing to hold. War may extend for a decade, however if this bank is purely commercial and does not get sanctioned by US, there could be some upside long term.

Note my high aversion to taking risks. You would need to invert your thinking on SBER, how probable is it you would lose the lot - answer 80-90% short term.

Best of Luck
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