Bulls Return to Russia ETF as Ruble’s Decline Halted
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Investors are piling into the biggest exchange-traded fund tracking Russian equities at the fastest pace in more than a year as government measures to stabilize the ruble ease concern that there will be a prolonged stock rout.
Asset managers added $126.2 million to the Market Vectors Russia ETF on Dec. 23, the most in one day since May 2013, data compiled by Bloomberg show. Shares in the $1.6 billion fund gained 3.3 percent to $15.95 on yesterday, trimming their decline in 2014 to 45 percent. posts a five-day rally,