Investors remain skittish about Russian stocks, despite valuations that are among emerging markets’ lowest. RSX has lost nearly $109 million in assets this month. The MSCI Russia Index’s price-to-earnings ratio is hovering around 4, compared to the S&P 500′s stock index of 18.1, Bloomberg reports.
One Russia ETF traders have not been shy to embrace is the Direxion Daily Russia Bear 3x Shares (NYSEArca: RUSS), which has seen modest inflows over the past month and a slight uptick in volume over the past week, according to Direxion data. RUSS is the triple-leveraged bearish answer to RSX.
Market Vectors Russia ETF
ETF Trends editorial team contributed to this post.