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 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.

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