Today marks the first day of trading for the Market Vectors Russia Small-Cap ETF (RSXJ), the first exchange-traded product offering U.S. investors exposure to small cap Russian stocks. The new fund from Van Eck will seek to replicate the performance of the Market Vectors Russia Small-Cap Index, a benchmark that includes about 35 small cap Russian stocks. The underlying components are unlikely to be familiar to many U.S. investors; the largest individual weightings are afforded to Pharmstandar, (8%), LSR Group (7.9%), and O’Key Group (6.8%). [click to continue…]
U.S.-listed ETP assets grew to $1.078 trillion at the end of March according to the latest data from the National Stock Exchange, putting the cap on another solid quarter of growth for the industry. Cash inflows in March totaled $11.2 billion, a material increase from $7.4 billion the month before. That figure could have been [...]
For the past several weeks developments in the Middle East have dominated not only the headlines but controlled the attention of investors as well. Starting with Tunisia and Egypt, numerous countries have staged democratic movements with varying degrees of success and violence. Though Egyptians forced long-time president Hosni Mubarak to relinquish his position and flee [...]
Last year, the U.S. hit the bottom of one of the worst recessions in its history. Though the year started out on a sour note–stocks plunged for the first two months of 2009–markets finally bottomed out in early March, and then began a furious rally that saw many asset classes reclaim some of the ground [...]
iShares continued the expansion of its product lineup on Wednesday, debuting the MSCI Russia Capped Index Fund (ERUS) on the NYSE Arca Exchange. The new ETF will track the performance of the MSCI Russia 25/50 Index, a benchmark that currently includes about 28 individual securities. All 25/50 indexes, such as the benchmark to which the [...]
No matter where investors look in the developed world, the picture isn’t pretty. In the U.S. unemployment remains intolerably high, and uncertainty over the latest round of QE will continue to hang over stock markets. In Europe efforts to control surging deficits have been met with protests and public outrage, complicating the process of reeling [...]
by Eric Dutram on October 22, 2010 | Updated April 20, 2011
As the ETF world continues to grow, the competitive landscape continues to evolve. In recent years, a growing number of firms have attempted to differentiate themselves by offering unique exposure to asset classes and strategies not previously available–such as funds tracking the Philippine stock market or ETNs linked to the price of industrial metals such [...]
by Eric Dutram on October 10, 2010 | Updated October 20, 2010
As the ETF world continues to expand, more online brokerage houses are beginning to offer their clients commission-free trading on ETFs as a way to generate interest in these relatively new investment vehicles. Among the first firms to offer this program were Fidelity, which currently offers 26 commission-free iShares ETFs, Charles Schwab (11 ETFs), and [...]
Through the first eight months of 2010, a number of unexpected disasters–both natural and man-made–have taken their toll on equity markets around the world. Chile was battered by a devastating earthquake. The airline industry took a hit from a volcanic eruption in Iceland. And the oil industry has been slammed by the Deepwater Horizon fiasco [...]
As the economies of Western Europe have grown more intertwined over the past few years, Russia has been left on the sidelines. Blocked out of NATO and the EMU even as both organizations creep ever closer to its western boarders, the once mighty superpower was quickly being boxed in and losing influence over former Cold [...]
Earlier this week, communication and IT industry giant Cisco Systems announced a massive push into the Russian market by investing more than $1 billion in the country over the next decade. The company will also be providing $100 million in venture capital in order to establish a “dedicated physical presence” in a planned technology hub [...]