“European debt headlines aren’t going to go away easily,” Aivaras Abromavicius of East Capita told Bloomberg. “Up until this week, European actions to address liquidity and funding have been a source of renewed optimism for Russian equities as well as Turkey and Hungary. We can only hope that Greece and the EU can strike a deal to prevent a crisis.”
The Russian fund is up about 15% year to date.
Market Vectors Russia ETF