Market Vectors Russia ETF (NYSEArca: RSX)
Local Market YTD:-5.88%
ETF YTD: -6.6%
Comment: Compared to the other major BRIC ETFs, RSX has been less bad this year. Aside from the ever-present possibility of higher oil prices providing a boost to RSX and rival Russia ETFs, catalysts include historically low valuations and Russia’s ongoing efforts to increase its allure as an emerging markets dividend destination.