Gazprom, Lukoil and Mobile Telesystems combine for 21.3% of RSX’s weight, according to Market Vectors data.
Investors with a taste for adventure might want to know that it is not just Russian large-caps that are inexpensive.
Although it has tumbled nearly 11% since the end of February, the Market Vectors Russia Small-Cap ETF (NYSEArca: RSXJ) holds some attractively-priced names among its 31 constituents. RSXJ is inexpensive compared to RSX. The small-cap ETF had a trailing 12-month price-to-book ratio of just 0.34 at the end of March, less than half RSX’s price-to-book ratio. [Big Potential With Small-Cap Russia ETF]
By at least one estimate, RSXJ trades at just 2.2 times weighted average cash flow.
Market Vectors Russia ETF
