RSX being the largest fund in the category is very, very sensitive to the Energy sector (and of course Crude Oil prices), as it makes up 37% of the portfolio, followed by Basic Materials (17%) and Financial Services (12%). Top single holdings in RSX are OAO Gazprom ADR (8.27%), OAO Lukoil ADR (7.76%), Magnit PJSC GDR (7.27%), Sberbank of Russia ADR (6.86%), and OAO Novatek GDR (5.62%).
Market Vectors Russia ETF
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