Investing in Russia ETFs / Russia ETF List
A list of Russia ETFs consists of the iShares MSCI Russia Capped Index Fund (NYSEARCA: ERUS) from iShares tracking the MSCI Russia 25/50 Index and the VanEck Russia ETF (NYSEARCA: RSX) and VanEck Russia Small-Cap ETF (NYSEARCA: RSXJ) from Van Eck tracking the MVIS Russia Index and MVIS Russia Small-Cap Index, respectively.
However and in the wake of Russia’s invasion of the Ukraine, iShares announced on ERUS’s ETF page:
Effective June 1, 2022, MSCI has terminated the Fund’s underlying index. Effective 4 AM Eastern Time on March 4, 2022, NYSE Arca, Inc. announced a trading halt of the Fund. Since trading is halted, the Fund no longer has a daily closing price and a premium/discount to NAV cannot be calculated. Effective March 1, 2022, the Fund has temporarily suspended new creations of its shares until further notice. Please refer to the press release page for further detail. BlackRock Fund Advisors (BFA) has implemented a voluntary waiver of its management fee for the Fund. This voluntary waiver may be eliminated by BFA at any time. BlackRock is currently evaluating the future viability of the Fund, and any recommendations that are made will take into account the interests of the Fund and its shareholders, market conditions and the regulatory framework that applies to the Fund.
In addition, VanEck posted the following update on both it’s Russian ETF pages:
Shareholder Notice Related to Depository Receipt Fees as of July 11, 2022
Capital Markets Update Related to Russia-Ukraine as of July 12, 2022
Van Eck Associates Corporation (VEAC) has implemented a voluntary waiver of its management fee for the Fund. This voluntary waiver may be eliminated by VEAC at any time.
On Friday, March 4, at 4:20 pm ET, the Cboe BZX Exchange (Cboe) halted trading of the VanEck Russia ETF (RSX). Since trading is halted, the Fund no longer has a daily closing price and a premium/discount to NAV cannot be calculated.
Effective March 3, the VanEck Russia ETF temporarily suspended the creation of new shares until further notice. Please refer to the press release for further details.
On February 28, 2022, Direxion announced the liquidation of the Direxion Daily Russia Bull 2x Shares (NYSEARCA: RUSL), citing:
Due to the increased market volatility, and restrictions on Russian securities resulting from sanctions and other measures imposed on Russia by the United States and other countries in response to its invasion of Ukraine, the Board of Trustees (the “Board”) of the Direxion Shares ETF Trust has decided to liquidate and close the Direxion Daily Russia Bull 2X Shares (the “Fund”), based on the recommendation of the Funds’ adviser, Rafferty Asset Management, LLC (“Rafferty”).
The Direxion Daily Russia Bear 3x Shares (NYSEARCA: RUSS) and SPDR S&P Russia ETF (NYSEARCA: RBL) from State Street SPDR both liquidated prior to Russia’s invasion of the Ukraine.
In addition, investors interested in investing in Russia ETFs should check out our Russia ADR list (Note: There are still several Russia ADRs trading on the NYSE or the NASDAQ) and Russia closed-end fund list pages along with our Eastern Europe closed-end fund list and Eastern Europe ETF list (region wide) pages for closed-end funds or ETFs with exposure to all of Eastern Europe.
Russia ETF List*
|ETF||Ticker||Mgr / Advisor||Asset Class||Inception||Tracking Index|
|1||Direxion Daily Russia Bear 3x Shares||RUSS||Direxion||Leveraged - Short||2011/05/25 - 2020/03/27 Liquidated||DAXglobal Russia Index (-300%)|
|2||Direxion Daily Russia Bull 2X Shares||RUSL||Direxion||Leveraged - Bull||2011/05/25 - 2022/03/11 Liquidated||DAXglobal Russia Index (300%)|
|3||iShares MSCI Russia Capped Index Fund||ERUS||iShares||Equities - EM||2010/11/10||MSCI Russia 25/50 Index|
|4||SPDR S&P Russia ETF||RBL||State Street SPDR||Equities - EM||2010/03/10 - 2017/07/24 Liquidated||S&P Russia Capped BMI Index|
|5||VanEck Russia ETF||RSX||Van Eck||Equities - EM||2007/04/24||MVIS Russia Index|
|6||VanEck Russia Small-Cap ETF||RSXJ||Van Eck||Equities - Small Cap||2011/04/14||MVIS Russia Small-Cap Index|
* EmergingMarketSkeptic.com provides useful information that should not constitute investment advice or a recommendation to invest. In addition, your use of any content is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the content. Read More
Note: If there are any exchange-traded funds (ETFs) to add or remove from this list or if there are bad links, please write a note in the comments section so it can be fixed. Likewise, adding any other comments or advice would also be appreciated.
Russia ETF Investing Resources
Russia ETF investors should check out these useful and mostly English news resources for investing in Russian stocks or about the country in general:
- Business New Europe
- Committee for Russian Economic Freedom
- ITAR-TASS (Russian News Agency)
- Meduza (The Real Russia, Today)
- RusBase.com (Russian Startups Going Global)
- Russia Beyond The Headlines
- Russia Insider
- Sputnik International (Russia Edition)
- The Moscow Times
- The Voice of Russia
For additional resources for investing in emerging market ETFs or in Russia, check out all of our ETF category or Russia category articles/links.
zinta November 18th, 2021 at 4:55 am