China recently abolished presidential term limits. In Sunday’s election, Putin claimed 77% of the vote amid voter turnout of 68%. For his part, Putin publicly scoffed at the notion of seeking another term.
“Putin himself brushes away talk about his future plans. When a reporter asked him Sunday evening if he planned to run again in 2030, Putin responded that the question was ‘somewhat ridiculous,’” reports the Washington Post.
Alternatives to RSX, also the most heavily traded Russia ETF, include the iShares MSCI Russia Capped ETF (NYSEArca: ERUS) and the VanEck Vectors Russia Small-Cap ETF (NYSEArca: RSXJ).
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.