It Could Be Awhile Before Russian Markets See An Upside
Posted on September 10, 2008 at 22:00 PM EDT
Since this spring, Russia’s exchange traded fund (ETF) has been in a free-fall, dropping off 46.6% following its May 19 high. Market Vectors Russia (RSX) is also down 38.6% year-to-date. The fund’s weighting in certain sectors that have fallen on hard times hasn’t helped, either: it has 39% in oil and gas companies, 22.3% in metals [...]
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