“The Russian ruble is on a charge of late, and that could lead to interest rate cuts and a further rebound of the country’s largely commodity-tied equity sector. As 2009 wound to a close, various analysts and financial institutions chimed in with their top trading ideas for the New Year. Number two on Goldman Sachs’ list was long Russian equities, citing expectations for “continued easing in monetary policy,” and an economic growth profile that’s “among the most robust in the region.” The ruble is now at 14-month highs versus a euro-dollar basket, according to Forbes, and that could help bring Goldman’s forecast to fruition if the Russian central bank steps in,” Owen Vater Reports From Ticker Spy. 

“As a whole, the U.S.-listed equities that make up the Russia Stocks and ADRs Index have outperformed the S&P 500 by 3% over the last month – a period in which Wimm Bill Dann Foods (WBD) is the group’s only loser, and other components have shot up by double-digits. It will be interesting to see whether Russian equities can maintain their recent momentum, and if Goldman’s 2010 forecast will prove to be on target. At the end of 2009, ten Pro investors counted the Market Vectors Russia ETF (RSX) among their top-15 U.S.-listed equity holdings, placing it in the top-ten most popular components of the Single Country Emerging Market ETFs Index among hedge funds, mutual funds, and advisors,” Vater Reports. 

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Here are some details on the Market Vectors Russia ETF (RSX): 

The investment (RSX) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the DAXglobal® Russia+ Index. The fund invests at least 80% of assets in stocks and Depositary Receipts of publicly traded companies domiciled in Russia. It normally invests at least 95% of assets in securities that comprise the index. The fund is nondiversified.

TOP 10 HOLDINGS ( 61.60% OF TOTAL ASSETS)

Company Symbol % Assets Ak Sberegatelny Bank Sberbank N/A 8.54 Gazprom OAO (EDR) N/A 8.88 JSC Gazprom Neft (ADR) N/A 4.17 JSC VTB Bank GDR N/A 4.69 Lukoil Company ADR N/A 8.27 MMC Norilsk Nickel ADR N/A 4.57 Mobile TeleSystems Common Stock (MBT) 3.98 NK Rosneft’ OAO N/A 8.25 Oao Novatek GDR N/A 4.05 Surgutneftegaz OAO (GDR) N/A 6.2

  

 

ETF BASIC NEWS, RSX