As of January 5, the Market Vector Russia ETF Trust (NYSE: RSX) was continuing the slide that began in July, which accelerated downward in December. In 2014, the ETF skidded nearly 50 percent.
The ETF tracks the MSCI Russia Index, which measures performance of large- and mid-cap companies in the Russian market.
The news from Russia hasn't been good: A recent hike in interest rates failed to shore up the ruble as intended.
In addition, Russian stocks have been slammed by the declining price of oil and sanctions imposed by the U.S. and other western nations over Russia's annexation of Crimea.
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/www.benzinga.com/markets/emerging-markets/15/01/5120732/russia-woes-drag-down-country-focused-funds alt=Russia Woes Drag Down Country-Focused Funds>Full story available on Benzinga.com
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