Russia ETF Goes From Star to Sloucher in Two Months as Oil Sinks
- Market Vectors fund goes from best performer to trailing 122
- Performance lags as crude trades at lowest price since 2004
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What a difference two months can make.
The Market Vectors Russia ETF has gone from being the best-performer among almost 800 U.S. exchange-traded funds in October to trailing 122 of them as crude plunged to a 11-year low. And with no end to the oil slump in sight, investors are bracing for even further losses in the energy-heavy fund.