Russian-Focused ETFs Keep On Trading Through Closures
October 13th at 6:00am by Tom Lydon
The Market Vectors Russia (RSX) exchange traded fund (ETF) has continued to trade in the United States, even as the Russian exchanges have been closed repeatedly.
Over the past few months both the RTS and Micex have been closed at times because of the sharp drop in equity value.
Wednesday’s suspension of trading was the 10th such closure since early September. Trading was originally scheduled to resume last Friday, but in fact reopened a day earlier, reports Paul Amery for Index Universe.
Trading within the European Russia-focused ETFs has been affected by the repeated market closures, but there have been no halts within the ETFs.
RSX has traded without any hiccups, and all BRIC (Brazil, Russia, China, India) ETFs have continued to trade as well. RSX is down 67.2% year-to-date.
