Exchange traded funds with exposure to Russian equities have suffered a significant blow from the fresh sanctions imposed on several Russian enterprises by the US government earlier in the month.
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ETF investors are piling out of Russian-focused exchange traded funds amid allegations from Vladimir Putin that the US is meddling with its upcoming presidential election.
Eastern European ETFs have delivered double-digit returns over the past year, with most countries in the region enjoying robust growth. However, investors are still staying away from the region, which could be due to their fears over Russia and the big part it plays in the broad Eastern Europe indices.