April 29, 2007 at 1:13 pm 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.
Tags: Green ETFs
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April 30th, 2007 at 1:31 pm
Only fools would invest in the corruption plagued Russian economy. Let’s see how long it takes before it collapses.
May 4th, 2007 at 4:13 pm
Reply to the previous ccomment: Only fools will not invest in Russia now. Go there and learn for yourself instead of watching CNN.
May 6th, 2007 at 10:47 am
It seems like it’s taken years for Russia to embrace capitalism and it still has many challenges. Someday the Russian government will get it. However when it does, most of the gains will already have been made. Look at China. All fun stuff!