Tensions have seemingly cooled down in the Crimean peninsula, although Russia and Ukraine still appear to be in a standoff. And thanks to reduced fears over war in Eastern Europe, many stock markets in both Western Europe and in North America have rebounded strongly in recent sessions.
Yet while the West has come back, Russian markets remain subdued. The ruble is barely trading above all-time lows against the dollar, while the Russian stock market, following a nearly double digit loss on Monday, hasn’t recouped all of its heavy losses either (see all the European Equity ETFs here).
In fact, the three large cap Russian ETFs tracking the market, (RSX - Free Report) , , and (ERUS - Free Report) , are all down over 6% in the last five trading sessions, while the small cap fund, (RSXJ - Free Report) , has seen even more severe losses in the same time frame.
And if you thought those performances were volatile, consider the recent trading in the leveraged Russian ETF market. Funds here, the 3x (RUSL - Free Report) and the -3x (RUSS - Free Report) , have seen nearly 20% moves in the past five sessions, showcasing how important these recent events have been to Russian markets (also see 3 Energy ETFs to Buy on the Ukraine Crisis).
For more on how these Russian ETFs have performed as of late and what their focus is on, make sure to watch our short video on the subject below:
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