Market Overview

Three Russia ETFs, Really?

There comes a time when enough is enough and when it comes to Russia-specific ETFs, it could have been argued that that time occurred when the SPDR S&P Russia ETF (NYSE: RBL) was introduced earlier this year.

Russia, easily the least diverse of the BRIC economies, probably didn't need any more than one ETF tracking its energy-heavy economy and the Market Vectors Russia ETF (NYSE: RSX) appeared to be doing a fine job.

iShares has decided it doesn't want to be left out of the Russia game and has introduced the iShares MSCI Russia Capped Index Fund (NYSE: ERUS).

With expense ratio of 0.65%, ERUS does what RBL and RSX already do: Focus on energy because there isn't much else to focus on in Russia's economy.

That expense ratio is actually higher than RBL's 0.59%, but RBL is "only" 47% devoted to energy. RSX is also 47% allocated to energy and has net expenses of 0.62%.

This is one of those times when the oldest is the best. If you need a Russia ETF, stick with RSX.

Posted-In: Long Ideas News Short Ideas Emerging Market ETFs Intraday Update Trading Ideas ETFs

 

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