Wednesday, August 20, 2008

Russian Funds

Hit where it hurts, and Russia feels invincible because it feels it has lots of money

I just noticed this:
At the last count, ordinary Americans had more than $3 billion at stake in mutual funds that invest in Vladimir Putin's Russia. That includes about $1.2 billion in the Market Vectors Russia exchange-traded fund (NYSE:RSX), 900 million in the Central European and Russian Fund (NYSE:CEE), $830 million in ING Russia (MUTF:LETRX) , and $330 million in the Templeton & East European Fund (NYSE:TRF)

Anyone has expertise about this?IIs there a way to put a pressure on these funds?

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