This ETF offers exposure to Russian equities, making it one of many options available for accessing a component of the BRIC bloc that holds tremendous potential but also significant risks. Russia's economy remains largely dependent on the energy sector, and as such ETFs such as RSX can exhibit significant volatility. RXS is probably too granular for long-term buy-and-holders, but can be useful for investors looking to implement a country rotation strategy or to tilt exposure towards this emerging market. RSX is, perhaps not surprisingly, tilted heavily towards the energy sector, and has significant concentrations in a few individual companies. This Russia ETF is, however, more balanced from both a sector perspective and an individual holding perspective than other options such as ERUS or RBL. For those seeking balanced exposure to the Russian economy, Van Eck also offers RSXJ, a small cap Russia ETF that may be better able to provide pure play exposure to the local Russian economy (and without the heavy energy tilt).