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Providers bank on Russia recovery

Arc Capital and Income has launched the second tranche of its Emerging Markets Russia plan for UK investors. The latest issue follows the launch of four new tradeable Russian sector indexes on March 31 by the Vienna Stock Exchange (VSE), which are designed for use in structured products.

Russian equity markets suffered heavily during the banking crisis, leading to a suspension of trading on the rouble-denominated Moscow Interbank Currency Exchange for two days in early October 2008. The RTS, the Russian benchmark share index, lost half its value in the same month.

However, VSE anticipates positive economic developments in Russia, and says that the launch of the indexes gives

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