Home News Russian ETF in London moves upward

Russian ETF in London moves upward

The inscription Russia and Ukraine on the background of broken glass.

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.