Shares in BlackRock’s (BLK.N) iShares MSCI Russia ADR ETF (CSRU.L), which tracks depositary receipts had a gain of 21% after hitting a record low on Wednesday. The fund holds Russian firms like Sberbank and Gazprom.
The Russian stock market has been closed for 4 days for fear of collapse. Commenting on Russian stocks they are “in the realms of utterly uninvestable”, said Peter Harrison, CEO of Schroders.
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