Van Eck Global announced the SEC has given the go ahead for two new exchange traded funds (ETFs). Market Vectors-Global Alternative Energy (GEX) and Market Vectors-Russia (RSX) should be available prior to June 30th on the New York Stock Exchange.
GEX will replicate the Ardour Global Index, which includes stocks from 30 publicly traded companies working in all areas of alternative energy production. RSX will be the first and only Russian ETF in the U.S. It will replicate DAX Global Russia Index and is maintained by Deutsche Borse. The index is made up of 30 publicly traded companies domiciled in Russia and traded on global exchanges.
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