Will Russia’s ETF Suffer Collateral Damage In Wake of Allegations?
Posted on July 25, 2008 at 14:00 PM EDT
Russia’s exchange traded fund (ETF) is trading down early today after the country’s RTS index plunged headlong into a bear market. The index went into turmoil after Prime Minister Vladimir Putin said OAO Mechel, a metals and mining company, would be investigated for overcharging for raw materials. The 50-stock index fell 21% off its May [...]