Although the forum reflected a bright spot in Russia’s efforts to modernize its economy, investors were reminded of why Russia remains a difficult place to invest. On Sunday, 10 people were arrested on charges of long-term espionage for Russia. One of the main targets was a wealthy financier. [Eastern Europe ETFs Primed for Inflows?]
If you are optimistic about Russia’s efforts, then the only real ETF you should invest in is the Market Vectors Russia ETF (NYSEArca: RSX). However, RSX is largely a play on energy prices, which runs contrary to where Medvedev wants to steer Russia. There are a few other ETFs out there such as the SPDR S&P Russia ETF (NYSEArca: RBL) and the Currency Shares Russian Ruble Trust ETF (NYSEArca: XRU). But both have very low trading volume, so be sure to watch the bid-ask spread when trading. [Two ETF Plays on Russia.]
For more stories on Russia, visit our Russia category.
Sumin Kim contributed to this article.