Market Vectors Russia ETF (RSX) Crosses The $4 Billion Asset Threshold
Market Vectors Russia ETF (NYSE:RSX), distributed by New York-‐based investment management firm Van Eck Global (http://www.vaneck.com/), has passed the $4 billion assets under management (AUM) threshold, the company announced today. At the time of its launch in 2007, RSX was the first U.S.-‐listed exchange-‐traded fund (ETF) to focus solely on Russia, and the fund continues to provide investors with a means to gain exposure to a broad spectrum of Russian companies via the highly liquid and transparent ETF structure.
RSX seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the DAXglobal® Russia+ Index (DXRPUS), a modified market capitalization-‐weighted index. As of March 31, 2011, the Index contained 30 constituents, all made up of companies domiciled in Russia, and traded on local or leading
global exchanges.
The Euro’s Demise Has Been Set in Motion: Are you protected?
"Nationalism will emerge. Healthier countries will not see fit to spend their hard earned money to bail out their less responsible neighbors."
CLICK HERE to get your Free E-Book, “Why It’s Curtains for the Euro”
“Russia continues to be a commodity-rich nation undergoing a great deal of economic, social and political change,” said Jan van Eck, Principal with Van Eck Global. “As such, the Russia story is still very much being written. But as the country continues to develop, its markets will continue to be of potential interest to investors in the U.S., Asia, and the rest of the world. With that in mind, we are very pleased that RSX has continued to grow its asset base as more investors seek to utilize the fund as a means to easily gain exposure to the Russian economy.”
RSX is one of 12 country-or region focused ETFs in Van Eck’s Market Vectors family, which also includes ETFs focused on Africa (NYSE:AFK), China (NYSE:PEK), Colombia (NYSE:COLX), Egypt (NYSE:EGPT), Gulf States (NYSE:MES), Indonesia (NYSE:IDX), Poland (NYSE:PLND) and Vietnam (NYSE:VNM); as well as small-cap companies in Brazil (NYSE:BRF), India (NYSE:SCIF) and Latin America (NYSE:LATM).
More information on RSX can be found by visiting www.vaneck.com/rsx.
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 bonds and currency markets.
Van Eck Global also offers mutual funds, insurance trust funds, separate accounts and alternative investments. Designed for investors seeking innovative choices for portfolio diversification, Van Eck Global’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.
Investors should be willing to accept a high degree of volatility and the potential of significant loss. The Fund is subject to various risks including those associated with making investments in Russian companies such as the absence of developed legal structures, national policies, expropriation, potentially greater price volatility in,significantly smaller capitalization of, and relative illiquidity of the Russian market. The Fund may loan its securities, which may subject it to additional credit and counterparty risk.
The DAXglobal® Russia+ Index (DXRPUS) is a trademark of the Deutsche Börse AG which is licensed for use by Van Eck Associates Corporation in connection with the Fund. The Fund is not sponsored or endorsed by the Deutsche Börse and the Deutsche Börse makes no warranty or representation as to the accuracy and/or completeness of the Index or the results to be obtained by any person from the use of the Index in connection with the trading of the Fund.
Fund shares are not individually redeemable and will be issued and redeemed at their NAV only through certain authorized broker-dealers in large, specified blocks of shares called “creation units” and otherwise can be bought and sold only through exchange trading. Creation units are issued and redeemed principally in cash. Shares may trade at a premium or discount to their NAV in the secondary market.
Investing involves risk, including possible loss of principal. An investor should consider the investment objective, risks, and charges and expenses of the investment carefully before investing. To obtain a summary prospectus and prospectus, which contain this and other information, call 888.MKT.VCTR or visit vaneck.com/etf. Please read the summary prospectus and prospectus carefully before investing.
Van Eck Securities Corporation, Distributor, 335 Madison Avenue, New York, NY 10017
Most Comments