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Russian ETFs best performer in a very rough and tough August; commodities outperform stocks
This just in from Bespoke Investment:
Russian ETFs edged down just 0.88% in August, outperforming other emerging market ETFs by a wide margin. Australia, China, Hong Kong, India, Brazil -- those ETFs all sank more than 10%
Surprise, surprise, surprise: Oil ($USO) gained 1.92% in August after roaring back to life the last three days of the month. The S&P 500 ($SPY) sank 6.10%.