February 3, 2015 Comments (0) Blog, Securities Fraud

Recovery of SPDR S&P Russia ETF Losses

Have you suffered losses investing in SPDR S&P Russia ETF?  If so, the securities attorneys of The White Law Group may be able to help you recover your losses in a FINRA arbitration claim against the brokerage firm that recommended the investment.

SPDR S&P Russia ETF is an exchange-traded fund.  The investment seeks investment results that, before fees and expenses, correspond generally to the total return performance of an index based upon the Russian equity market.  The fund employs a sampling strategy in seeking to track the performance of S&P Russia Capped BMI Index. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index or in ADRs or GDRs based on securities comprising the index.  The index is a float-adjusted market capitalization index designed to define and measure the investable universe of publicly-traded companies domiciled in Russia.  The fund is non-diversified.  SPDR S&P Russia ETF is down 46.21% year-to-date.

Country specific ETFs can be complex and risky investments.  They may only be suitable for wealthy, sophisticated retail investors or institutional investors.

Brokerage firms that sell such products are required to perform adequate due diligence on the investments to ensure a reasonable likelihood of success, and to evaluate whether the investments are suitable in light of the client’s age, net worth, investment experience, and investment objectives.  Firms that fail to perform adequate due diligence, or that make unsuitable recommendations, can be held responsible for losses in a FINRA arbitration claim.

If you suffered losses investing in SPDR S&P Russia ETF and would like a free consultation with a securities attorney, please call The White Law Group at 312/238-9650.

The White Law Group is a national securities arbitration, securities fraud, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.

For more information on The White Law Group, visit https://www.whitesecuritieslaw.com.

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