Despite falling 10.2% over the past month, RSX, the largest and most heavily traded Russia ETF, is in the midst of its best asset-gathering run since 2011. Due to the recent tumble by the Russian ruble, dollar-denominated Russia equity assets have been drubbed while the ruble-denominated benchmark Micex index posted gains in August and September. [Bear Market Not Keep Investors From Russia ETFs]

Investors, however, did not shy away from emerging markets bond funds last week as the iShares J.P. Morgan USD Emerging Markets Bond ETF (NYSEArca: EMB) added almost $90 million in new assets while the Vanguard Emerging Markets Government Bond ETF (NasdaqGS: VWOB) added $15.7 million.

Vanguard FTSE Emerging Markets ETF

ETF Trends editorial team contribute to this post. Tom Lydon’s clients own shares of EEM and EMB.