Questionable Timing for First Russian ETF

With the astronomical gains in Russian-based equities since 2001, it's no surprise investors have been clamoring for an exchange-traded fund that can capture these profits.

Now they can.

Asset manager Van Eck Global launched its Market Vectors-Russia ETF(RSX Quote) on the New York Stock Exchange this week. It's the first U.S.-listed ETF that gives investors exposure to a broad spectrum of Russian companies. This is Van Eck's fourth ETF but its first to track international equities and its first on the NYSE. The fund charges an expense ratio of 0.69%. ...