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Fund of the Week: ING Russia Fund (LETRX)

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All eyes have been on Russia following the collapse of the ruble after a surprise interest rate hike. On Tuesday, the ruble fell to an all time low of 80 per dollar. With this news, we have chosen ING Russia Fund (LETRX) as the fund of the week for December 17.

Inside the Fund

LETRX was launched in 1996 and is managed by Nathan Griffiths and Renat Nadyukov. It currently has about $76 million in assets under management (AUM).

The fund’s largest sector is energy, which has pulled down its performance.

Historical Performance

ING Russia Fund’s Largest Holdings

Nearly half of the fund’s portfolio is in the top five holdings. The YTD performance of these holdings are mostly negative, while the fund is down nearly 40% YTD.

The Bottom Line

This fund is a great fund to watch while the situation in Russia intensifies. It is a good example of how collapsing stock prices can impact a mutual fund.

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Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

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Find out why $30 trillon is invested in mutual funds.


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ING financial logo

Fund of the Week: ING Russia Fund (LETRX)

All eyes have been on Russia following the collapse of the ruble after a surprise interest rate hike. On Tuesday, the ruble fell to an all time low of 80 per dollar. With this news, we have chosen ING Russia Fund (LETRX) as the fund of the week for December 17.

Inside the Fund

LETRX was launched in 1996 and is managed by Nathan Griffiths and Renat Nadyukov. It currently has about $76 million in assets under management (AUM).

The fund’s largest sector is energy, which has pulled down its performance.

Historical Performance

ING Russia Fund’s Largest Holdings

Nearly half of the fund’s portfolio is in the top five holdings. The YTD performance of these holdings are mostly negative, while the fund is down nearly 40% YTD.

The Bottom Line

This fund is a great fund to watch while the situation in Russia intensifies. It is a good example of how collapsing stock prices can impact a mutual fund.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.


Read Next