Market Vectors Russia ETF (NYSEArca: RSX) is up 4.6% year to date and 26.2% over the past 12 months, according to investment researcher Morningstar. The exchange traded fund has $3.2 billion in assets.
“Russia is one of the more volatile emerging-markets countries: This ETF fell 74% in 2008 and then returned 138% in 2009,” Morningstar’s Patricia Oey writes in a profile of the ETF. “This volatility can be partially explained by Russia’s heavy dependence on oil and gas exports, and this fund’s sector weightings reflect this country’s limited economic breadth. This volatility is further exacerbated by fund flows in and out of Russian equities that tends to follow the rise and fall of oil prices.”
Other ETFs that invest in Russia include:
- SPDR S&P Russia ETF (NYSEArca: RBL)
- iShares MSCI Russia Capped Index Fund (NYSEArca: ERUS)
- Rydex CurrencyShares Russian Ruble Trust (NYSEArca: XRU)
SPDR S&P Russia ETF
Tisha Guerrero contributed to this article.
Read the disclaimer; Tom Lydon is a board member of Rydex|SGI.