New Russia ETF Makes Debut Today
Symbols: RSX
Posted in: Emerging Market ETFs, ETFs
The popular Market Vectors Russia ETF (NYSE: RSX) got a rival today with the debut of the SPDR S&P Russia ETF (NYSE: RBL). RBL actually has a lower expense ratio at 0.59% than RSX offers 0.62%, but investors may be more interested to see if RBL can mimic RSX's boffo performance.
The energy-heavy ETF is up about 10% in past month and close to 150% in the past year. RBL will track the BMI Russia Capped Index, which consists of 72 Russian equities. The stocks must have a minimumm market cap of $100 million to be included in RBL.
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