track space: The iShares MSCI Russia Capped ETF ERUS, 0.27% rose 0.6%, while the Van Eck Vectors Russia Small-Cap ETF RSXJ, -0.63% added 0.3%. The Direxion Daily Russia Bull 3x Shares RUSL, 0.60% a leveraged fund that is designed to deliver 300% of the daily move of its underlying index, rose 1.6% on the day, according to Market Watch. The Obama administration could announce measures as early as Thursday, and these may include economic sanctions and retaliatory cyberactions, as well as other moves that remain secret. The Van Eck Vectors Russia ETF RSX, 0.28% the largest fund to track the space, with 2.6 billion in assets rose 0.5%, easily outpacing the S&P 500 SPX, -0.46% which was essentially flat on the day. The relationship Trump has with Putin can only be positive for Russia's economy, which is already one of the most undervalued equity markets in the world.' Robert Lutts, Cabot Money Management. Russia was accused of hacking into the Democratic National Committee, as well as the email account of John Podesta, the campaign chairman of Hillary Clinton. Even though there may be short-term retaliation and friction from the current administration, people are already looking ahead to the next one, said Robert Lutts, chief investment officer at Cabot Money Management.
(news.financializer.com). As
reported in the news.
Tagged under track space, obama administration topics.