NEW YORK ( TheStreet) -- During Russian President Dmitry Medvedev 's visit to the U.S. last week, among other objectives, he presented the concept of Russia as a modernizing country worthy of increased foreign investment. Investors looking to tap the country's newfound emphasis on economic reform can gain exposure with Market Vectors Russia (RSX).A little over a week ago, Medvedev announced that Russia's capital gains tax on direct investment would be abolished starting in 2011. The number of industries that are off-limits to foreigners will also be reduced by more than 80% as the country looks to attract foreign investors.
ETFs For Capitalist Russia
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.