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Market Extra: Emerging market ETFs shine this year, but few as gloriously as Russia funds

Exchange-traded funds tied to Russia surged on Tuesday, climbing to some of their highest levels in more than a year as rebounding oil prices fueled record highs for the country’s stock market.

The VanEck Vectors Russia ETF RSX, +2.53% climbed 2.8% to $19.06, hitting its highest level since June 2015. It was the fund’s strongest one-day rise since July. The iShares MSCI Russia Capped ETF ERUS, +3.09% rose 3.4% to $14.73, also hitting its highest level in more than a year, while the smaller SPDR S&P Russia ETF RBL, +3.00% rose 3% to $18.19. All three funds have gained more than 30% so far in 2016, making them among the strongest country-based emerging market funds.

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