Â鶹´«Ã½

Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
Â鶹´«Ã½
Leading the Way

Global Â鶹´«Ã½ Finance News and Commentary
≔ Menu
Â鶹´«Ã½
Leading the Way

Global Â鶹´«Ã½ Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Industry news
  3. ETF investors poised in Russia
Industry news

ETF investors poised in Russia


25 June 2015 London
Reporter: Mark Dugdale

Generic business image for news article
Image: Shutterstock
Exchange-traded fund (ETF) investors continue to position themselves to benefit from a recovery in the Russian market despite continued unrest and sanctions, according to Markit.



Net long inflows into ETFs have totalled $406 million so far this year.



The largest Russian exposed ETF by assets under management at $2.1 billon is the Market Vectors Russia ETF (RSX), which benchmarks the DAXglobal Russia+ Index, tracking the 30 largest and most liquid Russian companies trading as global depository receipts.



The ETF’s net asset value is up by 29 percent this year, despite falling 9 percent in the last month, according to Markit.



Short interest in RSX has also been volatile, with short sellers covering over the last six months as the ETF rallied.



Shares outstanding on loan has spiked as high as 16 percent in December 2014 but has declined throughout 2015 to 3.5 percent.
← Previous industry article

Russian and Chinese CSDs team up
Next industry article →

Moody’s offers CCP ratings
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Â鶹´«Ã½ Finance Times
Advertisement
Subscribe today
Knowledge base

Explore our extensive directory to find all the essential contacts you need

Visit our directory →

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →