Russia-China Prove Cheap to Investors as Money Flows Rise

For all the concern about the prospect of tougher international sanctions and signs of slowing growth, more money flowed last month into Russia and China exchange-traded funds than any other emerging markets.

U.S.-based ETFs focused on Russia attracted $265 million last month, or 14 percent of their market value, the most among 47 regions after Portugal and Hong Kong, according to data compiled by Bloomberg. That was followed by Chinese funds, which drew $944 million, equivalent to 10 percent of their value.