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.
Related: Time to Consider This Emerging Market
“While economic data points all seem to be improving, equity market indicators are also suggesting that the worst is over. Market breadth is widening while the performance of financials is closely tied to the growth in FX reserves. However, investors have failed to significantly raise their weightings within the equity market due to poor sentiment and geopolitics,” adds Jefferies in the note posted by Barron’s.
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VanEck Vectors Russia ETF
