Even with the White House unveiling fresh sanctions against Russia, some investors are embracing the VanEck Vectors Russia ETF (NYSEArca: RSX), the largest Russia exchange traded fund trading in the U.S.
RSX “took in about $20 million last week, the first occurrence of continuous inflows for the fund since January, according to Bloomberg data. One investor traded 250,000 shares worth more than $5.6 million dollars on Friday, data shows,” according to Bloomberg.
RSX has trailed the MSCI Emerging Markets Index over the past year. The ETF and Russian stocks slipped in March after President Vladmir Putin won another term, news that some market observers position Putin to possibly be Russia’s leader for life. In late March, President Trump expelled 60 Russian diplomats from the U.S.
Related: 5 Russia ETFs React to Trump Diplomat Expulsion
Of those being expelled, 48 of the alleged intelligence agents work at the Russian embassy in Washington and 12 are posted at the United Nations in New York. The expulsion comes about 15 months after the Obama administration expelled 35 Russian diplomats because of meddling in the 2016 US presidential election.
Russia ETFs Deal With Sanctions
RSX and other Russia ETFs hold some companies that could be affected the new sanctions.