Instead, Rogers, in a terse blog post this month, wrote that if oil stops going down, he would hope to "buy a lot of rubles." His headline on the Russia post: "favorite emerging market" and he lists the VanEck Vectors Russia ETF (RSX) therein. The ETF is down nearly 7% this year, and has slipped nearly 1% today.
At the start of the year, Rogers was bullish on Russia with prospects for improved relations with President Donald J. Trump's administration. At the time, Rogers told CNBC that the Trump Administration appointment of China critic Peter Navarro was a poor one. Rogers was was critical of a potential tariff on Chinese imports and told MarketWatch that he was worried about debt globally, especially in the United States and China, while interest rates remain low.
- Source, Barrons