Market Vectors Russia ETF Trust Shares fka RSX

[Timothy Smith]

The Market Vectors Russia ETF (NYSE: RSX) has found itself under pressure when Turkey shot down a Russian jet on the Syrian border.

Russia is not expected to take this matter lightly, as one of the two pilots was shot to death from the ground, and one of the marines who took part in the rescue mission also died.

However, despite the fact that I have argued for an RSX bear thesis multiple times, I think this tragic incident will have limited consequences for the fund.