If civil unrest stays subdued, Russia makes for a good investment with strong economic growth...

|By:, SA News Editor

If civil unrest stays subdued, Russia makes for a good investment with strong economic growth and high oil prices on the horizon, according to iShares' Russ Koesterich. The MSCI Russia Index is up 25% YTD -  after accounting for a 10% runup in the ruble versus the dollar - but still only trades at 5.5X trailing earnings. Russia ETF plays include RSX, RBL, RSXJ, and ERUS.