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. The largest Russia ETF trading in the ETF allocates over 37% of its weight to energy stocks, by far its biggest sector weight.
“Russian crude exports to countries outside the former Soviet republics could grow to as much as 255 million metric tons this year, or 5.11 million barrels a day, First Deputy Energy Minister Alexey Teksler said at the forum. Such an increase, more than 4 percent, would send an extra 300,000 barrels a day into international markets,” reports Bloomberg.
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