CNBC Pro

Globalization in reverse for the fund industry: Are parts of the world now 'uninvestable?'

Traders on the floor of the NYSE, Feb. 15, 2022.
Source: NYSE

On Friday morning, the NYSE halted trading in three Russian ETFs: Franklin FTSE Russia ETF (FLRU), iShares MSCI Russia ETF (ERUS) and Direxion Daily Russia Bull 2X Shares (RUSL). These halts were for "regulatory concern": They are not suspensions or delistings. The VanEck Russia ETF (RSX) trades on a separate exchange and as of 7:57 a.m. ET is still trading.

Several brief years ago, the growth of indexes and the corresponding expansion of exchange-traded funds allowed investors to put money into parts of the world that were largely inaccessible. Whole regions of the world and even individual countries suddenly became investable.

Now, it seems, that is starting to reverse.

More In Pro Insight

watch now
Pro Picks: Watch all of Friday's big stock calls on CNBC
VIDEO10:27
CNBC ProPro Picks: Watch all of Friday's big stock calls on CNBC
Naughty list: 10 stocks to short into the end of the year, according to a top chart analyst
CNBC ProNaughty list: 10 stocks to short into the end of the year, according to a top chart analyst
JPMorgan says sell energy stocks in tactical trade due to the jump in shares and drop in oil prices
CNBC ProJPMorgan says sell energy stocks in tactical trade due to the jump in shares and drop in oil prices