Market Vectors Russia ETF Trust Shares fka RSX

[temp luvs amy]

RSX is an ETF with a specific core portfolio of Russian Stocks.

Morningstar says:

"While this Market Vectors fund does not track the MSCI Russia Index, it has a similar portfolio, and its performance during the past three years had a 98% correlation to that of the MSCI Russia Index."

http://etfs.morningstar.com/quote?t=RSX


I haven't heard anything of those type of sanctions. I suppose there could be some forced liquidations if anything like that happened. The ETF might be able to revise it's affiliate relationships to avoid any sanctioned companies and jump through some hoops to gain compliance.

It sounds like the type of legal nightmare which all of the big bucks on Wall Street in the loop would argue against.

They might have to advise the administration against stupid irrational behavior and such. One could only hope.

The fund has a P/E near 6. You will search the globe to find this kind of diversification with that cheap multiple.

Russia shouldn't have any investment problem with that multiple. Maybe they have a PR problem. I see it all the time in the pinks. If Obama wants to leave all of that to investors from other countries, he obviously doesn't have much financial prowess.