Economics
Russia ETFs See Heavy Trading Amid New Sanctions
- VanEck’s RSX had more than twice average daily volume for year
- Fund plunged over 4 percent Wednesday, the most in four months
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Trading volume in the largest exchange-traded funds tracking Russian equities soared Wednesday, after the publication of a U.S. bill that would impose “crushing sanctions” on Russia over the use of a chemical nerve agent in the U.K.
The $1.7 billion VanEck Vectors Russia ETF, or RSX, saw 21.3 million shares worth just over $441 million trade on Wednesday. That’s the most since April and just over double the average daily volume for the past year. The $447 million iShares MSCI Russia Capped ETF, or ERUS, saw $21.7 million worth of trades, 1.5 times the average daily turnover for the past year.