Russian Stocks Sink as Oil Plunges
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Market Vectors Russia ETF (NYSE: RSX) opened lower today, as shares on the Russian Micex index were lower by 0.7 percent on Friday. Shares of the Bank of St. Petersburg, Federal Grid Co, and OAO SberBank were all lower.
RSX is lower by 10 percent this year, partially due to a decline in oil prices. Energy sector stocks make up 39 percent of the ETF holdings. Materials and financials make up 23 and 12 percent respectively.
Market Vectors Russia ETF is by far the most popular and activity traded Russian ETF. Others Russian ETFs include: Direxion Daily Russia Bull 3X Shares (RUSL); Direxion Daily Russia Bear 3X Shares (NYSE: RUSS); Market Vectors Russia Small-Cap ETF (NYSE: RSXJ); iShares MSCI Russia Capped Index (NYSE: ERUS); SPDR S&P Russia (NYSE: RBL).
RSX is lower by 10 percent this year, partially due to a decline in oil prices. Energy sector stocks make up 39 percent of the ETF holdings. Materials and financials make up 23 and 12 percent respectively.
Market Vectors Russia ETF is by far the most popular and activity traded Russian ETF. Others Russian ETFs include: Direxion Daily Russia Bull 3X Shares (RUSL); Direxion Daily Russia Bear 3X Shares (NYSE: RUSS); Market Vectors Russia Small-Cap ETF (NYSE: RSXJ); iShares MSCI Russia Capped Index (NYSE: ERUS); SPDR S&P Russia (NYSE: RBL).
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