World’s Biggest Russia ETF Shuts to New Cash After Losses Deepen

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World’s Biggest Russia ETF Shuts to New Cash After Losses Deepen

bloomberg2022-03-03

(Bloomberg) -- The biggest exchange-traded fund investing in Russia will suspend share creations from Thursday, becoming the latest to effectively halt inflows as Wall Street reels from Moscow’s ...

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chefbean
·2022-03-03
Wow
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2
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ramondk
·2022-03-03
Russia may win the war on Ukraine but lose the battle. It will become an isolated state like North Korea
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EChee
·2022-03-03
Nice
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Philipthean8
·2022-03-03
Russia is a big mafia gangster
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Jasonngui
·2022-03-03
Great
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DWS Investment and Franklin Templeton have taken similar actions.RSX, with a $690 million market capitalization, has plummeted some 60% over the last week as sweeping sanctions hit the nation’s assets. The ruble fell for a third day while the stock exchange in Moscow remains shut.“The creation/redemption mechanism is what keeps the supply of ETF shares elastic and an ETF’s share price in line with the value of its underlying holdings,” said Cinthia Murphy, director of research at ETF Think Tank. “A creation halt impacts that dynamic -- making an ETF behave more like a closed-end fund.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9033648257,"gmtCreate":1646271843442,"gmtModify":1676534111213,"author":{"id":"4104376679082200","authorId":"4104376679082200","name":"ramondk","avatar":"https://community-static.tradeup.com/news/af3a4f817adb98c8e32b6b8b4cc0d1df","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"4104376679082200","authorIdStr":"4104376679082200"},"htmlText":"Russia may win the war on Ukraine but lose the battle. It will become an isolated state like North Korea","listText":"Russia may win the war on Ukraine but lose the battle. It will become an isolated state like North Korea","text":"Russia may win the war on Ukraine but lose the battle. It will become an isolated state like North Korea","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9033648257","repostId":1166320621,"repostType":4,"repost":{"id":"1166320621","kind":"news","pubTimestamp":1646269014,"share":"https://ttm.financial/m/news/1166320621?lang=&edition=fundamental","pubTime":"2022-03-03 08:56","market":"other","language":"en","title":"World’s Biggest Russia ETF Shuts to New Cash After Losses Deepen","url":"https://stock-news.laohu8.com/highlight/detail?id=1166320621","media":"bloomberg","summary":"(Bloomberg) -- The biggest exchange-traded fund investing in Russia will suspend share creations fro","content":"<html><head></head><body><p>(Bloomberg) -- The biggest exchange-traded fund investing in Russia will suspend share creations from Thursday, becoming the latest to effectively halt inflows as Wall Street reels from Moscow’s intensifying assault on Ukraine.</p><p>VanEck is halting the creation of shares -- the process by which new cash enters an ETF -- for the VanEck Russia ETF (ticker RSX) until further notice, according to an SEC filing.</p><p>VanEck cited “significant declines” in the value and liquidity of Russian stocks for the move.</p><p>“Although shares of the Fund are expected to continue trading on Cboe BZX Exchange, Inc., there can be no assurance that an active market will be maintained for the Fund’s shares,” the filing on Wednesday says.</p><p>On Tuesday, BlackRock Inc. halted the creation of new shares in its iShares MSCI Russia ETF (ticker ERUS) until further notice. DWS Investment and Franklin Templeton have taken similar actions.</p><p>RSX, with a $690 million market capitalization, has plummeted some 60% over the last week as sweeping sanctions hit the nation’s assets. The ruble fell for a third day while the stock exchange in Moscow remains shut.</p><p>“The creation/redemption mechanism is what keeps the supply of ETF shares elastic and an ETF’s share price in line with the value of its underlying holdings,” said Cinthia Murphy, director of research at ETF Think Tank. “A creation halt impacts that dynamic -- making an ETF behave more like a closed-end fund.”</p></body></html>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>World’s Biggest Russia ETF Shuts to New Cash After Losses Deepen</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWorld’s Biggest Russia ETF Shuts to New Cash After Losses Deepen\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-03 08:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/world-biggest-russia-etf-shuts-224341231.html><strong>bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- The biggest exchange-traded fund investing in Russia will suspend share creations from Thursday, becoming the latest to effectively halt inflows as Wall Street reels from Moscow’s ...</p>\n\n<a href=\"https://finance.yahoo.com/news/world-biggest-russia-etf-shuts-224341231.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RSX":"俄罗斯ETF-Market Vectors"},"source_url":"https://finance.yahoo.com/news/world-biggest-russia-etf-shuts-224341231.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166320621","content_text":"(Bloomberg) -- The biggest exchange-traded fund investing in Russia will suspend share creations from Thursday, becoming the latest to effectively halt inflows as Wall Street reels from Moscow’s intensifying assault on Ukraine.VanEck is halting the creation of shares -- the process by which new cash enters an ETF -- for the VanEck Russia ETF (ticker RSX) until further notice, according to an SEC filing.VanEck cited “significant declines” in the value and liquidity of Russian stocks for the move.“Although shares of the Fund are expected to continue trading on Cboe BZX Exchange, Inc., there can be no assurance that an active market will be maintained for the Fund’s shares,” the filing on Wednesday says.On Tuesday, BlackRock Inc. halted the creation of new shares in its iShares MSCI Russia ETF (ticker ERUS) until further notice. DWS Investment and Franklin Templeton have taken similar actions.RSX, with a $690 million market capitalization, has plummeted some 60% over the last week as sweeping sanctions hit the nation’s assets. The ruble fell for a third day while the stock exchange in Moscow remains shut.“The creation/redemption mechanism is what keeps the supply of ETF shares elastic and an ETF’s share price in line with the value of its underlying holdings,” said Cinthia Murphy, director of research at ETF Think Tank. “A creation halt impacts that dynamic -- making an ETF behave more like a closed-end fund.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9033652625,"gmtCreate":1646270552098,"gmtModify":1676534110991,"author":{"id":"3577233058929142","authorId":"3577233058929142","name":"EChee","avatar":"https://static.tigerbbs.com/15b9b03b1f47d00a1bd317174f562a18","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":8,"crmLevelSwitch":1,"idStr":"3577233058929142","authorIdStr":"3577233058929142"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9033652625","repostId":1166320621,"repostType":4,"repost":{"id":"1166320621","kind":"news","pubTimestamp":1646269014,"share":"https://ttm.financial/m/news/1166320621?lang=&edition=fundamental","pubTime":"2022-03-03 08:56","market":"other","language":"en","title":"World’s Biggest Russia ETF Shuts to New Cash After Losses Deepen","url":"https://stock-news.laohu8.com/highlight/detail?id=1166320621","media":"bloomberg","summary":"(Bloomberg) -- The biggest exchange-traded fund investing in Russia will suspend share creations fro","content":"<html><head></head><body><p>(Bloomberg) -- The biggest exchange-traded fund investing in Russia will suspend share creations from Thursday, becoming the latest to effectively halt inflows as Wall Street reels from Moscow’s intensifying assault on Ukraine.</p><p>VanEck is halting the creation of shares -- the process by which new cash enters an ETF -- for the VanEck Russia ETF (ticker RSX) until further notice, according to an SEC filing.</p><p>VanEck cited “significant declines” in the value and liquidity of Russian stocks for the move.</p><p>“Although shares of the Fund are expected to continue trading on Cboe BZX Exchange, Inc., there can be no assurance that an active market will be maintained for the Fund’s shares,” the filing on Wednesday says.</p><p>On Tuesday, BlackRock Inc. halted the creation of new shares in its iShares MSCI Russia ETF (ticker ERUS) until further notice. DWS Investment and Franklin Templeton have taken similar actions.</p><p>RSX, with a $690 million market capitalization, has plummeted some 60% over the last week as sweeping sanctions hit the nation’s assets. The ruble fell for a third day while the stock exchange in Moscow remains shut.</p><p>“The creation/redemption mechanism is what keeps the supply of ETF shares elastic and an ETF’s share price in line with the value of its underlying holdings,” said Cinthia Murphy, director of research at ETF Think Tank. “A creation halt impacts that dynamic -- making an ETF behave more like a closed-end fund.”</p></body></html>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>World’s Biggest Russia ETF Shuts to New Cash After Losses Deepen</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWorld’s Biggest Russia ETF Shuts to New Cash After Losses Deepen\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-03 08:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/world-biggest-russia-etf-shuts-224341231.html><strong>bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- The biggest exchange-traded fund investing in Russia will suspend share creations from Thursday, becoming the latest to effectively halt inflows as Wall Street reels from Moscow’s ...</p>\n\n<a href=\"https://finance.yahoo.com/news/world-biggest-russia-etf-shuts-224341231.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RSX":"俄罗斯ETF-Market Vectors"},"source_url":"https://finance.yahoo.com/news/world-biggest-russia-etf-shuts-224341231.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166320621","content_text":"(Bloomberg) -- The biggest exchange-traded fund investing in Russia will suspend share creations from Thursday, becoming the latest to effectively halt inflows as Wall Street reels from Moscow’s intensifying assault on Ukraine.VanEck is halting the creation of shares -- the process by which new cash enters an ETF -- for the VanEck Russia ETF (ticker RSX) until further notice, according to an SEC filing.VanEck cited “significant declines” in the value and liquidity of Russian stocks for the move.“Although shares of the Fund are expected to continue trading on Cboe BZX Exchange, Inc., there can be no assurance that an active market will be maintained for the Fund’s shares,” the filing on Wednesday says.On Tuesday, BlackRock Inc. halted the creation of new shares in its iShares MSCI Russia ETF (ticker ERUS) until further notice. DWS Investment and Franklin Templeton have taken similar actions.RSX, with a $690 million market capitalization, has plummeted some 60% over the last week as sweeping sanctions hit the nation’s assets. The ruble fell for a third day while the stock exchange in Moscow remains shut.“The creation/redemption mechanism is what keeps the supply of ETF shares elastic and an ETF’s share price in line with the value of its underlying holdings,” said Cinthia Murphy, director of research at ETF Think Tank. “A creation halt impacts that dynamic -- making an ETF behave more like a closed-end fund.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9033651974,"gmtCreate":1646270158460,"gmtModify":1676534110784,"author":{"id":"3562228753214209","authorId":"3562228753214209","name":"Philipthean8","avatar":"https://static.tigerbbs.com/a64d44f91f21979956dc4a5f98710d97","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3562228753214209","authorIdStr":"3562228753214209"},"htmlText":"Russia is a big mafia gangster&nbsp;","listText":"Russia is a big mafia gangster&nbsp;","text":"Russia is a big mafia gangster","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9033651974","repostId":1166320621,"repostType":4,"repost":{"id":"1166320621","kind":"news","pubTimestamp":1646269014,"share":"https://ttm.financial/m/news/1166320621?lang=&edition=fundamental","pubTime":"2022-03-03 08:56","market":"other","language":"en","title":"World’s Biggest Russia ETF Shuts to New Cash After Losses Deepen","url":"https://stock-news.laohu8.com/highlight/detail?id=1166320621","media":"bloomberg","summary":"(Bloomberg) -- The biggest exchange-traded fund investing in Russia will suspend share creations fro","content":"<html><head></head><body><p>(Bloomberg) -- The biggest exchange-traded fund investing in Russia will suspend share creations from Thursday, becoming the latest to effectively halt inflows as Wall Street reels from Moscow’s intensifying assault on Ukraine.</p><p>VanEck is halting the creation of shares -- the process by which new cash enters an ETF -- for the VanEck Russia ETF (ticker RSX) until further notice, according to an SEC filing.</p><p>VanEck cited “significant declines” in the value and liquidity of Russian stocks for the move.</p><p>“Although shares of the Fund are expected to continue trading on Cboe BZX Exchange, Inc., there can be no assurance that an active market will be maintained for the Fund’s shares,” the filing on Wednesday says.</p><p>On Tuesday, BlackRock Inc. halted the creation of new shares in its iShares MSCI Russia ETF (ticker ERUS) until further notice. DWS Investment and Franklin Templeton have taken similar actions.</p><p>RSX, with a $690 million market capitalization, has plummeted some 60% over the last week as sweeping sanctions hit the nation’s assets. The ruble fell for a third day while the stock exchange in Moscow remains shut.</p><p>“The creation/redemption mechanism is what keeps the supply of ETF shares elastic and an ETF’s share price in line with the value of its underlying holdings,” said Cinthia Murphy, director of research at ETF Think Tank. “A creation halt impacts that dynamic -- making an ETF behave more like a closed-end fund.”</p></body></html>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>World’s Biggest Russia ETF Shuts to New Cash After Losses Deepen</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWorld’s Biggest Russia ETF Shuts to New Cash After Losses Deepen\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-03 08:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/world-biggest-russia-etf-shuts-224341231.html><strong>bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- The biggest exchange-traded fund investing in Russia will suspend share creations from Thursday, becoming the latest to effectively halt inflows as Wall Street reels from Moscow’s ...</p>\n\n<a href=\"https://finance.yahoo.com/news/world-biggest-russia-etf-shuts-224341231.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RSX":"俄罗斯ETF-Market Vectors"},"source_url":"https://finance.yahoo.com/news/world-biggest-russia-etf-shuts-224341231.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166320621","content_text":"(Bloomberg) -- The biggest exchange-traded fund investing in Russia will suspend share creations from Thursday, becoming the latest to effectively halt inflows as Wall Street reels from Moscow’s intensifying assault on Ukraine.VanEck is halting the creation of shares -- the process by which new cash enters an ETF -- for the VanEck Russia ETF (ticker RSX) until further notice, according to an SEC filing.VanEck cited “significant declines” in the value and liquidity of Russian stocks for the move.“Although shares of the Fund are expected to continue trading on Cboe BZX Exchange, Inc., there can be no assurance that an active market will be maintained for the Fund’s shares,” the filing on Wednesday says.On Tuesday, BlackRock Inc. halted the creation of new shares in its iShares MSCI Russia ETF (ticker ERUS) until further notice. DWS Investment and Franklin Templeton have taken similar actions.RSX, with a $690 million market capitalization, has plummeted some 60% over the last week as sweeping sanctions hit the nation’s assets. The ruble fell for a third day while the stock exchange in Moscow remains shut.“The creation/redemption mechanism is what keeps the supply of ETF shares elastic and an ETF’s share price in line with the value of its underlying holdings,” said Cinthia Murphy, director of research at ETF Think Tank. “A creation halt impacts that dynamic -- making an ETF behave more like a closed-end fund.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9033650760,"gmtCreate":1646269835562,"gmtModify":1676534110724,"author":{"id":"3581937655679729","authorId":"3581937655679729","name":"Jasonngui","avatar":"https://static.tigerbbs.com/4257d49eb28e662a88192e8c09a3ffaf","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3581937655679729","authorIdStr":"3581937655679729"},"htmlText":"Great&nbsp;","listText":"Great&nbsp;","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9033650760","repostId":1166320621,"repostType":4,"repost":{"id":"1166320621","kind":"news","pubTimestamp":1646269014,"share":"https://ttm.financial/m/news/1166320621?lang=&edition=fundamental","pubTime":"2022-03-03 08:56","market":"other","language":"en","title":"World’s Biggest Russia ETF Shuts to New Cash After Losses Deepen","url":"https://stock-news.laohu8.com/highlight/detail?id=1166320621","media":"bloomberg","summary":"(Bloomberg) -- The biggest exchange-traded fund investing in Russia will suspend share creations fro","content":"<html><head></head><body><p>(Bloomberg) -- The biggest exchange-traded fund investing in Russia will suspend share creations from Thursday, becoming the latest to effectively halt inflows as Wall Street reels from Moscow’s intensifying assault on Ukraine.</p><p>VanEck is halting the creation of shares -- the process by which new cash enters an ETF -- for the VanEck Russia ETF (ticker RSX) until further notice, according to an SEC filing.</p><p>VanEck cited “significant declines” in the value and liquidity of Russian stocks for the move.</p><p>“Although shares of the Fund are expected to continue trading on Cboe BZX Exchange, Inc., there can be no assurance that an active market will be maintained for the Fund’s shares,” the filing on Wednesday says.</p><p>On Tuesday, BlackRock Inc. halted the creation of new shares in its iShares MSCI Russia ETF (ticker ERUS) until further notice. DWS Investment and Franklin Templeton have taken similar actions.</p><p>RSX, with a $690 million market capitalization, has plummeted some 60% over the last week as sweeping sanctions hit the nation’s assets. The ruble fell for a third day while the stock exchange in Moscow remains shut.</p><p>“The creation/redemption mechanism is what keeps the supply of ETF shares elastic and an ETF’s share price in line with the value of its underlying holdings,” said Cinthia Murphy, director of research at ETF Think Tank. “A creation halt impacts that dynamic -- making an ETF behave more like a closed-end fund.”</p></body></html>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>World’s Biggest Russia ETF Shuts to New Cash After Losses Deepen</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWorld’s Biggest Russia ETF Shuts to New Cash After Losses Deepen\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-03 08:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/world-biggest-russia-etf-shuts-224341231.html><strong>bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- The biggest exchange-traded fund investing in Russia will suspend share creations from Thursday, becoming the latest to effectively halt inflows as Wall Street reels from Moscow’s ...</p>\n\n<a href=\"https://finance.yahoo.com/news/world-biggest-russia-etf-shuts-224341231.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RSX":"俄罗斯ETF-Market Vectors"},"source_url":"https://finance.yahoo.com/news/world-biggest-russia-etf-shuts-224341231.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166320621","content_text":"(Bloomberg) -- The biggest exchange-traded fund investing in Russia will suspend share creations from Thursday, becoming the latest to effectively halt inflows as Wall Street reels from Moscow’s intensifying assault on Ukraine.VanEck is halting the creation of shares -- the process by which new cash enters an ETF -- for the VanEck Russia ETF (ticker RSX) until further notice, according to an SEC filing.VanEck cited “significant declines” in the value and liquidity of Russian stocks for the move.“Although shares of the Fund are expected to continue trading on Cboe BZX Exchange, Inc., there can be no assurance that an active market will be maintained for the Fund’s shares,” the filing on Wednesday says.On Tuesday, BlackRock Inc. halted the creation of new shares in its iShares MSCI Russia ETF (ticker ERUS) until further notice. DWS Investment and Franklin Templeton have taken similar actions.RSX, with a $690 million market capitalization, has plummeted some 60% over the last week as sweeping sanctions hit the nation’s assets. The ruble fell for a third day while the stock exchange in Moscow remains shut.“The creation/redemption mechanism is what keeps the supply of ETF shares elastic and an ETF’s share price in line with the value of its underlying holdings,” said Cinthia Murphy, director of research at ETF Think Tank. “A creation halt impacts that dynamic -- making an ETF behave more like a closed-end fund.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":177,"commentSize":5,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}