Russia Equity

Russia equity mutual funds and ETFs own securities listed on the Moscow... Russia equity mutual funds and ETFs own securities listed on the Moscow Exchange. The most well-known benchmark is the MOEX , which is a market-capitalization-weighted index of the largest 50 stocks on the exchange. The exchange has large weightings in energy, materials, and financial services. As of 2023, the exchange had a total market capitalization of US$55 billion. Some of the largest companies on the market include Rosneft, Sberbank, Lukoil, and Novotek. Russia equity mutual funds and ETFs may be passively or actively managed. They may also leave currency exposure unhedged, or choose to protect the portfolio from swings in the value of the Ruble. The Russian economy, the world’s 9th largest by nominal Gross Domestic Product as of 2022, is characterized by a large reliance on natural resources, increasing isolation from Western countries, and a small social safety net. Oil, natural gas, and aluminum are key exports. At 15% of GDP as of 2022, investment is well below its long-run average.
It’s important to note that many mutual funds and ETFs have ceased operating in Russia due to the invasion of Ukraine. Due to sanctions, many funds are unable to deal in Russian securities, and have decided to wind down. Accordingly, Russian equity mutual funds and ETFs are therefore only for the most aggressive investors. Last Updated: 12/08/2023 View more View less

Russia equity mutual funds and ETFs own securities listed on the Moscow Exchange. The most well-known benchmark is the MOEX , which is a market-capitalization-weighted index of the largest 50 stocks on the... Russia equity mutual funds and ETFs own securities listed on the Moscow Exchange. The most well-known benchmark is the MOEX , which is a market-capitalization-weighted index of the largest 50 stocks on the exchange. The exchange has large weightings in energy, materials, and financial services. As of 2023, the exchange had a total market capitalization of US$55 billion. Some of the largest companies on the market include Rosneft, Sberbank, Lukoil, and Novotek. Russia equity mutual funds and ETFs may be passively or actively managed. They may also leave currency exposure unhedged, or choose to protect the portfolio from swings in the value of the Ruble. The Russian economy, the world’s 9th largest by nominal Gross Domestic Product as of 2022, is characterized by a large reliance on natural resources, increasing isolation from Western countries, and a small social safety net. Oil, natural gas, and aluminum are key exports. At 15% of GDP as of 2022, investment is well below its long-run average.
It’s important to note that many mutual funds and ETFs have ceased operating in Russia due to the invasion of Ukraine. Due to sanctions, many funds are unable to deal in Russian securities, and have decided to wind down. Accordingly, Russian equity mutual funds and ETFs are therefore only for the most aggressive investors. Last Updated: 12/08/2023 View more View less