The Market Vector Russia ETF Trust (NYSE: RSX), the oldest and largest Russia exchange-traded fund listed in New York, deserves some credit.
Not only has RSX been the best-performing member of the quartet comprised of the largest single-country BRIC ETFs this year, but the fund has surged 8.2 percent since November 12.
Making that move all the more impressive is the fact that the United States Brent Oil Fund, LP (NYSE: BNO) has traded slightly lower over that period. That is relevant to the energy-heavy RSX because Russia is the largest oil producer in the world that is not a member of the Organization of Petroleum Exporting Countries (OPEC), and it prices its crude in Brent terms.
Highlighting RSX
Actually, RSX, an ETF that allocates nearly 43 percent of its weight to energy stocks, has defied Brent's slump and the worst post-Soviet era recession through much of ...
/www.benzinga.com/trading-ideas/long-ideas/15/11/5995827/russia-rally-reveals-love-for-leverage alt=Russia Rally Reveals Love For Leverage>Full story available on Benzinga.com
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