Market Vectors® Russia ETF Reaches $2 Billion In Assets
Market Vectors Russia ETF (NYSE Arca: RSX), distributed by Van Eck Global, has reached $2 billion in assets as of October 5, 2010, the company announced today. RSX was the first ETF listed in the U.S. designed to give U.S. investors exposure to a broad spectrum of Russian companies.
RSX seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the DAXglobal ® Russia+ Index (DXRPUS), a basket of the securities of 43* of the most heavily traded Russian companies that have listings on global exchanges, either through an American Depository Receipt (ADR), a Global Depository Receipt (GDR), or local Russian shares.
“As Russia grows and matures, it will likely assume an increasingly important role in the global economy, and exposure to the country’s markets will be of growing interest to U.S. investors” said Jan van Eck, Principal at Van Eck Global. “We are pleased that RSX has continued to attract interest from investors looking for a convenient means to access the Russian market.”
For more information about RSX, visit vaneck.com/rsx or call 888.MKT.VCTR.*as of September 30, 2010 About Van Eck Global Founded in 1955, Van Eck Associates Corporation was among the first U.S. money managers helping investors achieve greater diversification through global investing. Today the firm continues this 50+ year tradition by offering global investment choices in hard assets, emerging markets, precious metals including gold, and other specialized asset classes. Market Vectors exchange-traded products have been offered by Van Eck Global since 2006 when the firm launched the nation’s first gold-mining ETF. Today, Market Vectors ETFs and ETNs span several asset classes, including equities, municipal and fixed income bonds and currency markets. Van Eck Global also offers mutual funds, variable insurance product funds, separate accounts and alternative investments. Designed for investors seeking innovative choices for portfolio diversification, Van Eck’s investment products are often categorized in asset classes having returns with low correlations to those of more traditional U.S. equity and fixed income investments.
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