- As of the writing of this article, ERUS is set to open lower by -13.5%, bringing its year-to-date performance to deeply negative territory.
- iShares MSCI Russia Capped ETF is set to open with a $32/share price, close to the bottom of its historic range.
- The underlying companies in ERUS fund are Energy and Materials sectors behemoths which are generating record profits in today's commodities super cycle.
- The political shock driving today's pricing action may dissipate and the fundamentals of the underlying companies are likely going to drive a massive upswing in ERUS.
For further details see:
ERUS: Profit From The Russia-Ukraine Conflict