Investors could also be lured back to RSX and Russian stocks due to some of the emerging world’s cheapest valuations. RSX is home to some of the emerging world’s least expensive stocks as highlighted by the ETF’s price-to-earnings ratio of just over seven and a price-to-book ratio below one, according to issuer data.
“Investors pulled $27.17 million from the Market Vectors Russia ETF, Russia’s biggest exchange-traded fund, on March 29 as crude oil fell for a fourth day. Oil and natural gas provide almost a half of Russia’s budget revenue. The benchmark Micex stock index capped seven days of declines this week, the longest losing streak since 2011,” reports Bloomberg.
Market Vectors Russia ETF