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.
ETF Newz Says:
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.