Despite continuing tensions between Russia and Ukraine, the Russian stock ETF has seen the largest inflow of funds in more than three years.
Despite geopolitical tensions, the $1.4 billion VanEck Russia ETF (NYSE:RSX) (RSX) attracted nearly $58 million of inflows on Tuesday, US time, the highest since June 2018 and is expected to be the highest since December 2020, according to media statistics.
Carlos Asilis, chief investment officer and founder of consulting firm Glovista Investments, says it's hard to understand what motivates investors. "it's probably part of their long-short trade. "
Short positions in S3 Partners,VanEck Russia ETF account for about 26 per cent of free-floating shares, up from 10 per cent four months ago.
The St. Petersburg Stock Exchange of Russia announced the closure of business on the 24th local time, CCTV News reported. Earlier, the Moscow Stock Exchange issued a message that all exchanges have suspended trading and will be notified when to resume trading.
Edit / Charlotte