And Russia, the darling of emerging market investors last year, is down. "Negative fiscal policy developments are weighing on Russian equities," says Vladimir Signorelli, founder of Bretton Woods Research in New Jersey. Meanwhile, the larger cap Market Vectors Russia (RSX) fund is down 3.5%. Then there is the stronger ruble, also taking some power away from those two big Russia funds. And that U.S. and Russia working together was good for investor sentiment, among other things.

Source: Forbes March 01, 2017 16:55 UTC