The Russians Are Coming to ETFs
April 29th at 1:13pm by Tom Lydon
Van Eck Global will launch an exchange traded fund (ETF) that invests in Russian companies. The Market-Vectors Russia ETF (RSX) launches Monday, April 30th and will be the first Russian ETF listed in America. The fund will replicate price and performance of the DAX Global Russia+ Index of 30 companies based in Russia and trade globally, reports Jenny Strasburg of Bloomberg.com. The index includes 5 U.S. listed ADRs, 19 London GDRs, and 6 local Russian ordinaries.
Also on the way from Van Eck is Global Alternative Energy ETF (GEX) expected May 9th. The Ardour Global Index extra-liquid consists of 30 alternative energy stocks from across the globe.
