After a couple of years of dismal performances, Russia exchange-traded funds are on the mend in 2016, thanks in large part to rebounding Brent crude prices. With the United States Brent Oil Fund, LP (NYSE: BNO) up more than 41 percent over the past 90 days, the Market Vectors Russia ETF Trust (NYSE: RSX) is higher by almost 36 percent over the same period.
Among diversified emerging markets ETFs, the WisdomTree Emerging Markets Eqty Incm Fd (NYSE: DEM) has one of the largest allocations to Russia at 14.2 percent, a significant overweight to the country relative to the MSCI Emerging Markets Index. DEM is higher by 27 percent over the past three months.
Russia And Russia ETFs
There is more good news for investors in ETFs such as DEM and RSX, the largest Russia ETF listed in New York. Moscow plans to boost dividends from its state-controlled companies ...
/www.benzinga.com/trading-ideas/long-ideas/16/04/7876270/mixed-news-on-russias-dividend-outlook alt=Mixed News On Russia's Dividend Outlook>Full story available on Benzinga.com
More...