Related: Russia ETFs Try to Find Their 2016 Groove
The good news is Russia’s economy is showing signs of strength.
“The growth of the Russian industrial production in May totaled 5.6% YOY showing the best result for the past three years. Partly this was due to statistical and one-time factors. For example, there were 20 working days in May 2017 as compared to 19 working days in May 2016. Abnormally cold weather in May also provided support to the public sector. Nevertheless, it is noteworthy that for the first time in two years, all the key sectors of the economy demonstrated positive dynamics of growth,” according to Seeking Alpha.
Aggressive, risk-tolerant traders can consider the Direxion Daily Russia Bull 3x Shares (NYSE: RUSL), which attempts to deliver triple the daily returns of the same index tracked by RSX. The Direxion Daily Russia Bear 3x Shares (NYSEArca: RUSS) looks to deliver triple the daily inverse returns of that index on a daily basis.
For more news on Russia ETFs, visit our Russia category.