Russia ETFs are among the worst performers at the single-country this year even as broader emerging markets benchmarks, including the MSCI Emerging Markets Index, rally. Amid the controversy regarding the Trump Administration’s alleged ties to Russia, investors have pulled over $536 million from RSX year-to-date.
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More important to Russian stocks than the sanctions could be oil prices because Russia is the world’s largest non-OPEC producer. While Russian stocks historically trade at discounts relative to international benchmarks, the ruble is currently one of the cheapest emerging markets currencies.
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.