In March, U.S. and European officials imposed a rash of economic sanctions, including some that targeted energy companies held by Russia ETFs. However, RSX is up 11.4% since March 17. “The U.S. also has blocked OAO Rosneft, OAO Novatek, OAO Gazprombank and Vnesheconombank from accessing American equity or debt markets for new financing with maturities longer than 90 days,” according to Bloomberg.
Even with increased controversy surrounding Russia and elevated fears that Putin’s heavy-handed approach is isolating his country from the West, significant outflows from Russia ETFs have not been a trend in recent days. Since the flight MH17 tragedy, RSX has lost $60 million in assets, but it still has over $1.5 billion. ERUS has seen no outflows over the same period.
Market Vectors Russia ETF
