Instrument
The VanEck Vectors Russia ETF (RSX) is a fund that offers exposure to equities from Russia, which include publicly-traded companies that are incorporated in Russia or that are incorporated outside of Russia but have at least 50% of their revenues/related assets in Russia.
Source: VanEck
Analysis
According to the latest official data, in October, the Russian retail turnover growth rate accelerated to 1.6% YOY (+0.7% YOY in September). It's the best result in the last seven months.
At the same time, there was a slight increase in the growth rates of real