RSX and ERUS have plunged more than 40% in 2022 as geopolitical risks built, ranking them as the two worst-performing non-leveraged U.S.-listed ETFs so far this year, according to data compiled by Bloomberg. The losses have accelerated in the past week in the face of mounting sanctions, with the U.S. banning transactions with Russias central bank, the Russian National Wealth Fund and the Ministry of Finance.
The drop for the Russia-tracking ETFs is reminiscent of March 2020, when fixed-income funds continued to trade even as cash markets effectively froze amid pandemic-fueled turmoil.
[More: Gold emerges once again as rock of stability amid market unrest]
The post US ETFs show extent of damage to Russian stocks appeared first on InvestmentNews.
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