For the investor looking for exposure to Russian stocks without the commitment of an ETF like RSX, there are options. For example, the $150.1 million ESR allocates nearly 26% of its weight to Polish stocks and a combined 7.1% to Hungarian and Czech equities.
The SPDR S&P Emerging Europe ETF (NYSEArca: GUR) is up 6.2% this year and that fund has even more non-Russia exposure than the rival ESR.
GUR, which debuted eight years ago, allocates “just” 46% of its weight to Russian stock with Turkish and Polish stocks combining for nearly 41%.With its emerging markets designation, Greece is also part of GUR’s lineup to the tune of 5%.
SPDR S&P Emerging Europe ETF