By the standards of the other major exchange-traded funds tracking the BRIC nations, the 13.4 percent year-to-date gain posted by the Market Vector Russia ETF Trust (NYSE: RSX) is simply stellar. Actually, compared to nearly any emerging markets ETF, single-country or diversified, RSX and rival Russia ETFs have been a dream come true this year.
Focus On Russia
RSX's upside is all the more impressive when considering Russian stocks have surged in the face of tumbling oil prices. The United States Brent Oil Fund, LP (NYSE: BNO), relevant here because Russia prices its oil in Brent terms, has plunged more than 35 percent this year. Russia is the world's largest oil and natural gas producer that is not a member of the Organization of Petroleum Exporting Countries (OPEC).
RSX, the largest Russia ETF, allocates nearly ...
/www.benzinga.com/trading-ideas/long-ideas/15/12/6014368/a-2016-russia-etf-sequel-is-hard-to-forecast alt=A 2016 Russia ETF Sequel Is Hard To Forecast>Full story available on Benzinga.com
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