The SPDR S&P Russia ETF (RBL) began trading on Thursday, becoming just the second U.S.-listed ETF offering exposure to one of the world’s largest countries and most unique economies. RBL will seek to track the performance of the S&P Russia Capped BMI Index, a float adjusted market cap-weighted benchmark consisting of publicly-traded companies domiciled in Russia. [click to continue…]
March 9, 2009 is a date etched into the memories of many investors. After months of unprecedented volatility, depressing statistical releases, and countless false bottoms, that’s the day most equity markets finally hit their lows. It also marked the beginning of an impressive rally that saw most major indexes climb steadily for the remainder of the year, reclaiming big chunks of the ground lost during the downturn. While the “great rally of ‘09″ boosted most asset classes (and their related ETFs), some performed far better than others. [click to continue…]
The proliferation of commodity ETFs has brought this “fourth asset class” within reach of more investors than ever before. But as many have learned the hard way, resource fundamentals are only one of the factors that impact many exchange-traded commodities, and the nuances of the futures market often have a more significant impact than changes [...]
Investing in emerging and frontier markets can often help investors to diversify equity holdings and provide exposure to growth opportunities not available in advanced economies. But with any opportunity for big gains often comes significant risk, including the potential for political instability, currency revaluation, and government intervention in the private sector. There’s also the issue [...]
The week between Christmas and the new year is traditionally a quiet one on Wall Street, with volumes plummeting as traders enjoy a long vacation and many large firms shut down altogether. Indeed, the post-Christmas week of 2009 has seen little action, with most major benchmarks lacking direction in light trading. Russia, on the other [...]
After watching their portfolios take devastating blows in 2008, many investors hoped that a new year would bring a reversal of fortune and a recovery of lost assets. After the first two months of the year tested resolve, things finally took a turn for the better in March, and long climb upwards began. Most equity [...]
Following a year that saw some of the worst performances in recent memory, many asset classes have bounced back in 2009. But some have performed better than others, and as the year draws to a close we take a look at some of the best-performing ETFs. The year’s top gainers include a few of the [...]
New York-based Van Eck launched on Wednesday the Market Vectors Poland ETF (PLND), a fund that will track the 26-company Market Vectors Poland Index. PLND will trade on the NYSE Arca Exchange and charge an expense ratio of 76 basis points. Unlike most single-country international ETFs, which tend to be dominated by holdings in multi-national [...]
As global investors have regained their appetite for risk, many emerging market ETFs have surged in 2009, recording gains of more than 100% in many cases. Van Eck’s Market Vectors Russia ETF (RSX) is one of these funds, nearly tripling between March and October before pulling back slightly in recent weeks. But while increased demand [...]
The Cold War may have ended decades ago, but relations between the U.S. and Russia have never fully recovered. In recent years, tensions between these world powers have been particularly strained, as the countries clashed on issues including democracy, missile defense, NATO expansion, and independence for Kosovo. Concerns of armed conflict and nuclear war are [...]
Although Dmitry Medvedev was elected as Russia’s president nearly a year and a half ago, many Russians remain convinced that prime minister Vladimir Putin continues to call the shots. The skepticism over the president’s independence runs so deep that Medvedev joked this week that he would undergo blood tests to prove the two men aren’t [...]
In some ways, Russia has come along way since the fall of Communism. Russian mineral production is the envy of much of the developed world, and the country’s hydrocarbon reserves ensure global economic clout for decades to come. The speed of Russia’s recovery from a bond default in the late 90s was shocking, and has [...]