Wednesday 17 December 2014

Russia ETFs Reel From Crumbling Ruble, Rate Hikes

Otmane El Rhazi from Investor's Business Daily - ETFs RSS.



With the ruble crumbling to rubble, investors in Russia ETFs are fleeing the dust. The country's stocks nose-dived Tuesday after a massive interest-rate hike failed to prop up the currency, leading to worries about capital controls, as reported by IBD. The losses exacerbate Russia's market performance woes: its stock market and currency have fallen more than 55% and 47%, respectively, in 2014. "A substantial part of the decline is explained by the

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