The Market Vectors Russia ETF Trust (NYSE: RSX), the largest exchange-traded fund tracking Russian stocks, is the only one of the four major ETFs tracking the BRIC economies currently sporting a year-to-date gain. However, that obfuscates a six-month slide of 18.7 percent.
Of the big single-country BRIC ETFs, the WisdomTree India Earnings Fund (ETF) (NYSE: EPI) is the second best this year, though it is in the red a year after India ETFs were the darlings of the BRIC bunch. Slack performances by Indian stocks are viewed as disappointing because, as a net importer of oil, Asia's third-largest economy was expected to benefit from lower crude prices.
The India Situation
India's central bank and its policymakers are taking steps to bolster the economy. In late September, the Reserve Bank of India surprisingly ...
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