ETFs: from Russia with love

Investors have been keen to exploit Russian stock indices via ETFs, with funds tracking the country gaining traction over the last six months. Inflows picked up in October of last year as the price of oil broke out of the $70 to $80 range in which it had been languishing. European investor inflows amounted to €126m in October. They dropped back to €44m in November, before climbing to €143m the following month. In January this year, they crossed the €200m barrier. BlackRock data suggests strong interest in the emerging market. Global inflows to Russia ETFs were $585m in January, a qu...