Traders work on the floor of the New York Stock Exchangeon March 04, 2022 in New York City.
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Exchange traded funds that track Russian stocks fell dramatically this week and face an uncertain future as the war in Ukraine has led to Russia being increasingly isolated from the global financial system.
The VanEck Russia ETF (RSX) fell again on Friday, down another 2.4%. The Russia-specific fund is now down more than 63% for the week and more than 76% since the start of February.
Other major ETFs weren’t dropping on Friday, but only on a technicality. Early Friday morning, the New York Stock Exchange halted three ETFs citing “regulatory concern.” They were the Franklin…
Source cnbc.com