Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

progree

(11,493 posts)
3. Russian focused EFTs plunge 30%. & a note about emerging market funds (Russia is an emerging market)
Mon Feb 28, 2022, 06:08 PM
Feb 2022
... xchange-traded funds that offer the best way to gain exposure to Russia’s stock market were on pace for their worst month on record, as sanctions levied against Moscow, in response to its unprovoked attack against Ukraine, slam the Kremlin.

The VanEck Russia ETF RSX, -30.83% was down 28% on Monday, and down 54% so far in February, putting the popular ETF on pace for the worst monthly loss since its inception back in April of 2007.


Another: ERUS: -27.52%
https://www.marketwatch.com/story/russia-focused-etfs-on-track-for-worst-monthly-losses-on-record-as-moscow-attacks-ukraine-11646077407?mod=home-page

========================================

I have a considerable stake in an emerging market fund, Vanguard's VEMAX. Russia is considered an emerging market.

Fortunately only 2.8% of its holdings are Russian (as of 1/31/22 -- probably that percent is quite a bit lower now with the reduction in Russian stock values)

Interesting that I couldn't find the by-country composition from Vanguard though I might have not looked hard enough. Fidelity has them -- https://fundresearch.fidelity.com/mutual-funds/composition/922042841

Probably Morningstar too.

Recommendations

0 members have recommended this reply (displayed in chronological order):

Latest Discussions»Issue Forums»Economy»STOCK MARKET WATCH -- Tue...»Reply #3