Presidential campaigning in Russia may put pressure on on the Russian related exchange traded funds (ETFs). After parliamentary elections on December 2, Putin’s party had a landslide victory, showing a sign of trust and affirmation for his rule, reports Henry Meyer and Sebastian Alison for Bloomberg. Now that Putin must step down in May, he is searching for a viable successor who may be willing to let him continue to lead.

After eight years as president, Putin is trying to find a way around the constitutional limit of two terms in a row.  Perhaps this could be done by running things form a "lower perch". Putin’s inability to clarify his plans is raising concern over a destabilizing struggle in trying to manipulate or push aside a successor who doesn’t co-operate.

The political situation in Russia will be worth keeping an eye on and how it may affect Market Vectors Russia (RSX). RSX is up 27.3% since its May launch.


The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.