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.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.