OAO Mobile Telesystems, Russia’s largest mobile phone company, also recently unveiled a large dividend hike. Rosneft and MTS combine for 9.52% of RSX’s weight. Lukoil, RSX’s third-largest holding, is looking to pay at least 15% of profits in the form of dividends.
Investors looking for a more diverse ETF that still offers leverage to Russian dividend growth can consider the WisdomTree Emerging Markets Equity Income Fund (NYSEArca: DEM). DEM features a 19.6% weight to Russia, far larger than rival funds. Last year, Russia was the fastest-growing dividend payer in the WisdomTree Emerging Markets Equity Income Index, DEM’s underlying index.
Market Vectors Russia ETF
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of DEM.