World Cup Win Boosts Russia ETFs

Four ETFs that track the Russian market receive a boost after the country received notice it will host the 2018 World Cup, one of the world’s largest sporting events.

In order to make the country presentable for the World Cup, Russia is expected to inject a lot of money in the economy and build infrastructure. This lifted the prices of the Market Vectors Russia ETF (RSX), the SPDR S&P Russia ETF (RBL), the iShares MSCI Russia Capped Index Fund (ERUS), and the SPDR S&P BRIC 40 ETF (BIK).

Minyanville gives a nice rundown of the funds.

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