No Love for Russia ETFs Even as Oil Soars

Economic observers are remain cautious over the market outlook. While President Vladimir Putin and other Russian politicians argue that the worst is over, the economy is expected to remain in a recession for the year.

Related: Emerging Markets ETFs Keep Bleeding Assets

“Economists forecast an L-shaped recovery for Russia, where a sharp decline is followed by a prolonged period of slow growth. For investors, this means its time to find opportunities elsewhere, according to Rudolph-Riad Younes, who sold his stake in the largest Russia-focused fund as a portfolio manager at R-Squared Capital Management LP last year after holding it since 2009,” according to Bloomberg.

For more information on the energy markets, visit our oil category.

VanEck Vectors Russia ETF