As has been documented over the past several days in the ETF media, Russian equities have broken out of a slump at least in the short term and have displayed some relative strength in recent sessions, with RSX (Market Vectors Russia, Expense Ratio 0.63%) trading at its highest level this morning since mid-January, and above its 50 day MA for the third straight session.
This action is interesting given the presence in the headlines once again of heightening tensions on the Russia/Ukraine eastern border.
On the western border of Ukraine is of course Poland, whom is represented by two ETFs in the U.S. marketplace that remain relatively small in the context of Emerging Markets category assets.
EPOL (iShares MSCI Poland Capped, Expense Ratio 0.61%) debuted in May of 2010, and has raised approximately $175 million since inception, and averages a healthy 240,000 shares traded daily at the moment.
PLND (Market Vectors Poland, Expense Ratio 0.61%) is a smaller offering, having debuted in late 2009 as it has approximately $18.8 million in AUM and scarce daily trading volume.