Skip to content
Subscriber Only

Russia ETF Gains to One-Month High as Oil Boosts Energy Stocks

  • Brent crude rallies above $45 a barrel in London trading
  • GDP will probably grow 0.7% in 2016, economy minister says

Investors returned to the biggest exchange-traded fund tracking Russian stocks as Brent crude trading at about $45 per barrel lured them back to the cheapest equities in emerging markets.

Investors put $7.9 million in the Market Vectors Russia ETF on Friday after a $10.4 million inflow on Thursday, data compiled by Bloomberg show. The fund finished the session Monday little changed at $17.57 after gaining as much as 1.4 percent. The dollar-denominated RTS Index jumped to a four-month high.